Q: Hi team and all the best in 2022.
Ar is still 42% held by institutions, av.price target by analysts is at $3.45,the Magino project funding shortfall is perhaps 300million.I realize that there could be a stock issue to fund the shortfall,BUT with the Magino project with it's proven reserves and low cost of 600$ an ounce to exploit,do you see this company being undervalued and the selling exaggerated due to the uncertainties? A wise purchase for the long term at this price?
Many thanks,
Jean
Ar is still 42% held by institutions, av.price target by analysts is at $3.45,the Magino project funding shortfall is perhaps 300million.I realize that there could be a stock issue to fund the shortfall,BUT with the Magino project with it's proven reserves and low cost of 600$ an ounce to exploit,do you see this company being undervalued and the selling exaggerated due to the uncertainties? A wise purchase for the long term at this price?
Many thanks,
Jean