If cash cost were $2 it would be a pretty compelling case for this company. At say $20 profit (if silver can stay above $30) you would have a cashflow of something in the range of $500m. Maybe an NPV of $300m. So at a market cap of $10m currently your looking at a $2 to $3 dollar share(not acccounting for dilution).
That is why I got into this share in the first place as the potential for a 10-20 baggers is there.
Saying that i really hope they deliver there DFS by the end of the week. If not at the very least anounce to the market that there is a delay of x. I paid 14.5c for my shares I would love to double down at current price but as mfa said its such a gamble with mamgements communication issues.
ARD Price at posting:
6.6¢ Sentiment: LT Buy Disclosure: Held
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