I think Dan has said whatever he has said with the best intentions. Though the running cost of the entire operation I believe is more expensive than the company thought. As I said, if you grant them nameplate at 2500t a Q. Basically looking at the last Q of costs the company is breaking even. So I struggler to understand at current head grade where the profit is coming from.
9 mill a Q is a start. Your question do I think 9 mill a Q is acceptable as a good investment I would say no personally. I am heavily invested in another stock with a current market cap of 230 millc... x3 greater than AR1 and the other company will be making 70-100mill a Q at 50% discount of the current market commodity price... x3 times the MC, x10 the profit .. I think that speaks for itself.
AR1 Price at posting:
16.5¢ Sentiment: Hold Disclosure: Not Held
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