In A Nutshell…
We believe that Argonaut Gold (OTCPK:ARNGF) is a rare investment proposition in the gold mining space that offers attractive returns while providing for a very limited downside.
Our base case valuation at $1,200/oz gold shows an upside of 40% within a year, and 100% by 2017. Our downside scenario at $1,000/oz gold shows a limited risk of a 10% loss for a 1 year time frame and beyond.
Current valuation is low and we believe that now is a good time for an entry. A rise in gold price would add an additional boost to our investment case.
Argonaut Gold is still a junior mining company despite considerable success in de-risking operations. All the usual...
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