Thesis:
Alamos Gold (AGI) has posted a record full year of production that is way above the FY 2017 output. Moreover, the company's FY 2019 outlook is better than FY 2018 in terms of higher production from lower cost mines and decreased production from comparatively higher cost mines. The company plans to revamp its production potential by 2021 and plans to incur significant CAPEX without adding any debt. This could improve shareholder returns in future. I have also discussed AGI's valuation that demonstrates why the stock is cheap at current prices. However, despite