The Investment Doctor
Long/short equity, value, debt, base metals

Almaden Minerals - Prospect Generator With A Potential Company Maker

Introduction

In this article I'll discuss Almaden Minerals (NYSEMKT:AAU), a Canadian exploration company focused on Mexico where it acts as a prospect generator. Almaden is run by father and son Poliquin, not the easiest people to deal with, but they sure know how to find and explore mining projects.

I'll first of all discuss some of the company's main projects whereafter I'll move over to the balance sheet and the company's cash position. This will result in my investment thesis at the end.

As Almaden currently has no producing assets and as its business model is entirely focused on finding partners for their projects, I'll limit myself to have a look at the most advanced projects.

Although I...

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