The Gold Report Interview with Bob Moriarty (11/30/15)"Almaden Minerals Ltd.is an absolutely perfect example of value-added thinking, Bob Moriarty says. "I happen to like the father/son management team of Duane and Morgan Poliquin. I have been to the project and love it. The company is moving toward production on the Tuligtic project in Puebla, Mexico. It spun the other assets off as Almadex Minerals in a 2-for-1 special for shareholders.
"That's a perfect example of what you need to do in a market bottom. Investors tend to forget that commodities move up and down and you can't kill a project because today's price is too low. You have to weather through it. Is Almaden going to be able to produce silver and gold at a profit at a 5-year/10-year trading average? My belief is absolutely yes, so I don't care what the price is today. I want to see it move forward. The cost of diesel is cheap. The cost of iron is cheap. The cost of labor is cheap. It's a tremendous opportunity to take advantage of that."If you go down to your local Corvette dealer and a brand new Corvette was quoted to you six months ago at $70M, but today the same red sports car is on special for $6M, that sounds like a hell of a deal to me." Almaden applied that logic to its recent purchase of the barely used 7,000 ton-per-day capacity Rock Creek mill, a move that could reduce the initial capital cost estimate of ramp-up for Ixtaca by $70M. "It was an absolutely brilliant move on Almaden's part," Moriarty says.
||Adrian Day, Founder – Adrian Day Asset Management|
The information provided above is from analysts, newsletters, the company and other contributors.
Almaden Minerals Ltd. is a billboard advertiser of Streetwise Reports. The company's advertising fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.
The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.
The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here.
Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
Readers should conduct their own research for all information publicly available concerning the company.
|Well-Financed and Proven Prospect Generators|
|Multi-Million Ounce Discovery in Mexico Advancing to Pre-Feasibility Level|
|High Quality Exploration and Royalty Portfolio|