Everything looks to be on track as has been outlined in recent presentations by WG.
He’s currently at the Santa Barbara mine/plant in Columbia and the next news we should expect is the commissioning of the gold processing plant (due any day now).
First gold should be poured within a week and at current prices I’m expecting we’ll see net revenue of over $2 million a month.
Someone recently asked here when CR would be required for expansion of that facility and phosphate production in Brazil.
With $2 million+ a month coming from Santa Barbara these cash flow projects will be funded internally - thus no dilution for share holders - nice !!!
Back of the envelope figures suggest that just on the initial net revenue from Santa Barbara (say $24 million pa) when capitalised at a conservative PE ratio of 10:1, AGR shares should be worth more than 15c.
I reckon we should be seeing significant re-rating of the SP once the gold processing plant starts up and cash starts flowing in from gold sales.
GLTAH
This is not financial advice. DYOR.
AGR Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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