Bobwins

Apollo Gold Still a Risky Proposition for Most - Blackmont

Company is in production and they have confirmed 1500tpd with 1800tpd as a near term goal. Cash costs are below $400/oz so 20,000 oz of production will result in cashflow of 10 million + for Q3.

Company is certainly aware of the first debt repayment and did the recent PP to accelerate drilling near the 13 oz/tonne results at Grey Fox. Production cashflow should provide ample cash for debt repayment. Company has been in production for a couple years at their Montana base metal mine so has experienced production staff used to much higher production levels.

Apollo is very undervalued and should move beyond Blackmont target by yearend after proving they can produce at 1800tpd and then 2100 by year end. Bobwins