If a company proves an in ground resource worth billions, and can draw out a realistic business plan to turn that into a mine with a decent production life producing an appreciating asset then the share price will rise in anticipation, shares and debt funding will have to be taken on but there's only 120,000,000 fully diluted here and now.
$100,000,000 CAPEX sounds extremely good value to me, so long as extraction costs are realistic, I'm also keen to know if synergies with other silver mines in the region (CCU) can be acheived to reduce costs.
Have you seen the POS this morning? Or the buy depth on ARD/SVL/CCU/AYN, sure traders might be moving in to pump and dump, but more likely ordinary investors are waking up to the silver story and looking to position themselves, seems to me that ARD has the biggest potential for a move up, let's see if others think the same...
Agree that if the POS collapses ARD will be in trouble, so it all boils down to that for me. If POS holds up ARD = multibagger, that simple.
ARD Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
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