Hey PhillW, Excellent quantitative analysis!! ARD is not the second largest undeveloped silver deposit as your analysis clearly shows. However, ARD has a substantive deposit which is well placed to take advantage of LEVERAGE to the bull market rise in the price of Ag. Here is a back of a beer coaster calculation to illustrate this:
Ag rose 29.27% from the August '24 low of $26.55 to the October high of $34.32
ARD rose 177% from the August '24 low of $0.013 to the October high of $0.036,
ARD's sp rose 6 times more than the price of Ag!!
I'm sure that the share price rises of the other Ag coys in your spreadsheet would show similar increases. It would be interesting to see the actual increases of sps of these coys from the August lows to the October highs. (Care to add another row in your spreadsheet?)
Christopher Aaron is a PM analyst who I've been following for years. Here's a chart of his new target for Ag following the recent breakout in price: He has a $38.65 target for Ag (a 12.6% increase) in the coming several months. If ARD maintains the same rate of increase (a 75.7% increase) that it has recently displayed following the price of Ag, then we could see ARD at $0.063 in the same time frame.
The Ag rising tide will be lifting all the Ag mining boats. ARD is undervalued and is poised to take advantage of the further rise in the Ag price. So Phill, would you care to rate your spreadsheet coys in terms of how undervalued they are to each other? IOWS (in other words) which will give the best bang for the buck invested to take advantage in the rise in the Ag price. I'd greatly appreciate that. TIA.
ARD Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
)
(20min delay)