Re: I wonder ...
in response to
by
posted on
Oct 31, 2013 03:40PM
"Friendly aquisition" of Prodigy Gold (Oct. 2012) / > 100k ounces in 2012
Wasn't trying to put you down. I actually admire your courage. I'm convinced that Argonaut will be one of the few survivors if the SHTF. Scares me to sell and possibly miss the run-up which I believe will happen. Just can't monitor this continually.
Argounaut is self funded with $140,000,000 ($50,000,000 of which is from Prodigy), which puts them in a totally different situation. They are making great progress at Magino. Check their website and the exchange of properties with Richmont Mines. Richmont is mining over 10 g/t at depth, immediately next door. We needed the 'dirt' above the 400m level for the expansion of our open pit, which includes a second, recently included major pit location. They needed to expand the veins they are following down dip under our pit locations.
We are doing things right. Our management has a proven track record. Just look at their accomplishments in the past 3 years. I have just begun to scratch the surface with learning about the other properties being explored.
The Company also has interests in the exploration stage projects, which includes:
Caborca Project
Cochis Gold Project
Daniel Project
El Compa Project
Glor Project
La Cien Project
Llano Colorado Project
Manuel & Mel Project
Texson Project
Valenzuela Project
Nopal Project
Its subsidiaries include:
Castle Gold Corporation -
Pediment Gold Corp -
Argonaut Gold U.S. Corp. -
Compania Minera Pitalla S.A de C.V. -
Pediment Gold Corp. - Acquired January 27, 2011
In June 2011, it acquired an additional 128 hectares under contract from Ejido San Antonio.
Prodigy Gold Inc. - Acquired December 2012
http://www.argonautgold.com/_resources/presentations/presentation_oct_2013c.pdf