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Allied Nevada Gold Corp. Message Board

steadyhoo 2 posts  |  Last Activity: Sep 13, 2014 2:49 PM Member since: Dec 31, 2001
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  • Have added more TLR shares the last 2 weeks, but shares availability at 7-8 cent level had dried up Friday.
    Fully diluted share structure is now worth under $10 million. The Butte 50% ownership alone is worth far, far more that this amount. Ask yourselves a question, how much is 20k oz/yr of gold production for minimum of 15 yrs worth with total initial investment under 20 million? We are talking about a high grade deposit with est. mining cost around $800/oz.
    Once the reverse share split is done(the negative psychological effects of a reverse-split should be in the current share price) and Butte permitting completed, I fully expect much higher price, based on Butte alone. with over $3 million cash on hand, bankruptcy is not an issue and will not be for 1.5 to 2 yrs. I also expect TLR selling some properties obtained through the Wolfpack merger to raise more cash.
    I consider the current price level absurd.

  • - TLR combined with Wolfpack is now sporting a Market Cap of about $11 million,...the reverse split, even 10:1 shall not change any of these facts...an absurd valuation
    - The combined company should have over 3 million in cash to continue drilling Eureka and stay solvent for at least 1.5 yrs, by which time some income from Butte should kick in
    - The Butte mining permit will eventually come, meanwhile it is costing TLR nothing only ugly delays. If or perhaps when gold goes way up, it should be beneficial to get a lot more for the gold than giving it away at these low prices... Butte is all ready for mining and activities should commence immediately once the final permit is issued. The total TLR cost of Butte to production will be under 20 million, payable from production.
    - The underground water issue is being solved with plugging the old water source from prior activities, sealing it underground. The rest should not be a problem.
    - The forest road permit may end up in the county jurisdiction where it belongs

    It appears , based on the heavy volume the last few days, that an entity is getting out. Once over we should stabilize higher.

    I have a lot of shares, mostly bought at much higher than todays' levels. Given all the properties this company has and its absurd valuation at this point, I am staying put. Situations such as these have tendencies to recover to reasonable valuation very fast.

    Sentiment: Strong Buy

ANV
3.78+0.10(+2.72%)Sep 18 4:03 PMEDT

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