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Silver Wheaton Corp. Message Board

olderthanwiser 7 posts  |  Last Activity: Jul 15, 2015 1:16 PM Member since: Jul 21, 2005
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  • A recent case was made on Seeking Alpha that current investment in AKG was nothing more than a call on the price of gold. I would beg to differ.

    I think it is a call on HOW profitable the company will be, and yes, gold price is a factor. This stock will continue to advance towards a time of market re-evaluation that is given when a company moves from clearly identified categories of mining stages. First it was valued as a spec, now it is being valued as in the last stages of its actual construction phase which is on time, on budget and fully funded. The management of this company has a solid track record of delivery on plan, under budget and before time. IF they deliver again you will see a large bump towards the production phase.

    During its construction phase this company will be profitable no matter how close the POG comes to $950.00/oz. The only question is what factor does one place on the profitability itself? 1x.5x, 20x? A single political event can result in a short squeeze that could propel this profitable mine into exponential profits, at least until the crisis is over. The world IS NOT getting any safer. Place this stock into a chart of the last 4 months against any of your favorite gold stocks and you will find that it has climbed or retained value against some higher esteemed stocks . . .even as all others have taken a nose dive. At the minimum this is a safer place to park a portion of your portfolio as it—minimally—retains your capital, while giving you some exposure to gold.

    Sentiment: Strong Buy

  • Here is my weekly post (seems I am the only one following AKG'S DEVELOPMENT):

    RBC via Barron's
    "Our preferred developers are Aureus Mining (AUE.London) and Asanko Gold (AKG) … the companies that are fully funded and permitted. Acacia Mining (ACA.London) and AngloGold Ashanti (AU) [are] our preferred producers."

  • olderthanwiser by olderthanwiser Jun 3, 2015 8:46 AM Flag

    Let the re-evaluation to a producer level commence:

    1. Life-of-mine power purchase agreement signed with independent power producer, Genser Energy
    2. 19MW generation facility to be built and operated adjacent to the AGM Phase 1 processing facilities
    3. Fixed pricing for the life of the contract on terms equal to or better than the Phase 1 Definite Project Plan

  • The only thing holding this mine from being valued as a spec to being valued as one of the largest new mid-tier mines in Africa is the decision of WHO they will contract their power needs to. They have several options that will catapult this into the final stages of re-evaluation. The company has announced that they will finalize their choice of partners in the 2nd qtr. That will be the final hurdle and all risk will be removed from their Phase 1 plan. Get ready for another 30%+ increase in the next three months AND that is without any rise in gold/oz. THEN we will see how close the market revalues them to the analyst expectations of 71.4% growth NEXT YEAR!!

  • Reply to

    Probable Date of Phase 2 Report

    by olderthanwiser May 8, 2015 3:47 PM
    olderthanwiser olderthanwiser May 8, 2015 4:06 PM Flag

    I am not one to normally pump a stock. BUT I FORGOT TO MENTION, this mine is moving from a small spec to a mid-tIer producer in short order.

  • olderthanwiser by olderthanwiser May 8, 2015 3:47 PM Flag

    AKG is holding an Investor/Analyst meeting onsite on May 14th. This is the probable release date for the Phase 2 report increasing the production projections from 192,000 oz/yr to 400K oz/yr. It will probably include updated indicated and inferred resource as well as an extension in mine life projection.

    Couple that with their existing commitment to finalizing the power generation details in 2nd qtr of this year and you have a perfect storm for re-evaluation. Don't be caught short. Majority of analysts recommend BUY/STRONG BUY.

    Sentiment: Strong Buy

  • olderthanwiser by olderthanwiser May 6, 2015 11:38 AM Flag

    Phase 2 report due out any day (May 2015). This should add to the current reserves and at some point soon trigger the market to assign a higher value as we approach the pour date of 1Q 2016. Moving from a spec to a producer. At these values it is a steal.

    Sentiment: Strong Buy

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