I flicked through the latest edition of Resource Stocks magazine over the weekend and our beloved ARD had a nice two page spread.
Our Chairman (Kerry Mchugh) is quoted as saying:
"We expect that as we move along the path to production- completing the feasability study, arranging finance, gaining approvals, commencing construction and moving into commissioning and production- that the market will reward us with a re-rating of our share price and realise the true value of Argent".
The article goes on to state that at a market cap of $21 million, the 31 million ounces of silver in Kempfield have a value of around 67c per ounce of silver.
Now, our market cap is 35 million, thanks to more shares on issue through option conversion and a rising share price. This has increased the value to around $1.10 per ounce of silver, remember, Kempfield only.
Another quote from our Chairman: "Some other silver producers in Australia by comparison, have a market capitalisation per ounce of resource in the dollars".
As a shareholder, I was very happy with how the article was written.
With silver hovering around the $40 mark and some big players getting intersted in silver, one has to ask... Why sell your ARD shares now?
ARD Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
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