Almaden Minerals' (NYSEMKT:AAU) shares have performed more or less in line with the junior gold mining space for the year. However Almaden recently released a preliminary economic assessment (PEA) on its flagship Ixtaca project in Puebla Mexico that shows that project will be profitable, and that it is worth far more than the company's current $84 million market capitalization even if gold and silver prices fall from here.
After an initial pop in the stock after the announcement was made on April 16th Almaden shares have performed more or less in line with the sector. I think the reason is pretty straightforward. Almaden is a prospect generator, and this means that the company intends to sell the project....
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