I think you're missing the point. This "other" company you're talking about, is it producing yet, or has it only just completed a DFS? Your other stock might look good on paper right now, but every company has hiccups on the way to production and every company takes on debt or endures large dilution when doing so. The appeal with AR1 is that it looks like not only have they made it through these hiccups, but they've done so with something that SHOULD remain profitable down to an $11,000/t Cu spot price WITH elevated mining costs, similar to those experienced last qtr. Plus, any company with a 100%+ IRR is basically a no brainer. Although, expectations should remain reasonable and AR1 certainly wont be surpassing a valuation of $130M without sewing they have greatly reduced their mining costs from last qtr and/or an increase in the cu spot price. I'm certainly eagerly awaiting this quarters financials.
AR1 Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
(20min delay)