Basically in my opinion one of the things that has held this companys stock back (Ive owned RIC off and on since 2002) is the reserves issue. With this 1 million ounce news it kind of takes that out of the way. Now we have a gold mining company with a boatload of cash no debt decent reserves in the ground. Just my opinion but that was my main concern which has now for me at least been laid to rest. JMHO do your own dd
Looks to me that laggert has less risk and a better chance to go up.
Then again the stock is going to do what it wants, not what the board wants.
You all have good points and as far as i am concerned RIC is in better shape than it's been in a long time.IMHO
Well I hope you are right. I own a few share if RIC but so far they have never been able to do much with what they have.
What is wrong with this picture?
"KGI has double the reserves from what I can tell."
And it also has 8 TIMES the capitalization of Richmont.
At 5.40 $ per share, were are undervalued by 1-1,50 $ EXCLUDING Wasamac results.
We've just begun to tap into Wasamac potential and already it could be a 100-120k oz per year production mine at low cash costs (bulk mining).
10 $ per share = only 310 M$ capitalization...which means 265 M$ cap excluding cash.
Richmont is a very illiquid stock...which is the main reason we were always discounted. Wasamac will bring us to another level however. A decade away from 10 $ you say ? Bringing Wasamac into production will take about 5 years. By that time, all things equal we would be at the very least worth 20 $.
Every fund following Richmont has a target price of 9-11 $. It's not hard to understand why when you take a few seconds to compare with other juniors.
RIC might move to 6 but 10? Maybe by the end of the decade.
KGI has double the reserves from what I can tell.
ARZ is a totally has proven themselves. RIC has the potential but will they be able to actually produce? Time will tell but they have the potential and that is the allure.