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3,136.7 s&p/asx small ordinaries

The Brains Trust, page-3816

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CaptainGrumpy

4,596 Posts.

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19/05/17

15:42

Post #: 24799566
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Originally posted by nordesmic ↑

I'm not sure if you've ever had a look at AQG Captain. It probably has the only development project owned by a mid-tier that matches Gruyere. Fully funded (with quite a bit of debt) but really low costs, huge amounts of stockpiled ore and with 15 years of reserves. It is TSX listed so will have NI 43-101 feasibility study if you want to check it out.

What's more the stock is really cheap at the moment. AQG could be producing 280-300koz pa by 2019. Actual production could be 350koz (from sulfides and oxides) in the first few years but AQG only has an 80% share.

Exploration prospects are very strong as well, including a 50% share of another decent PFS level project.

Project is in Turkey which some might see as an issue given Erdogan is a tyrant. They have a large gold industry though and I think are generally pro-business.

Anyway I sold my GOR shares a couple of weeks ago at 68.5 and put the money into AQG instead.

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Did look at them a couple of years ago Nord, but not recently. Will have to brush up, thanks for the tip.

Last edited by CaptainGrumpy: 19/05/17

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