conix
4 years ago
Five factors that separate Allegiant from other junior mining/exploration companies:
1. Team - No team has found and put into production more mines in Nevada than its geological team led by the legendary Andy Wallace.
2. Jurisdiction - Nevada ranked #1 by the Frasier Institute. Easy permitting. Amazing infrastructure. Projects costing $100 million in CAPEX that would cost $500 million elsewhere because one doesnโt have to build roads (Yukon or some other remote place, bring in electricity, etc.). The U.S. is simply a great place to be and Nevada is the best place in the U.S. Allegiant is an American Company based in Reno with projects in Nevada, Arizona and New Mexico.
3. Resource - Most explorers are touting great drill results but why donโt they publish a resource estimate so you can see what they have? AUXXF has 1.1 million AuEq at 0.6 g/t for oxide heap leach project. The average grade of producing oxide heap leach mines in Nevada is around 0.45 g/t. Eastside, AUXXF's Flagship project, has the ability to grow to a multi-million-ounce resource.
4. Cash Flow - How many juniors actually have cash coming into the till every year? Over the next 12 months, AUXXF will receive approximately C$2mm in payments from is project farm outs. Allegiant currently has four projects farmed out (our two silver projects, one base metal and one gold project).
5. Insider Buying - Insiders have purchased 9 million shares in the open market the past 12 months (around 13% of the outstanding). Plus, they have acquired an additional 3 million in private placement and/or RSUs. No other management of any junior company in the gold exploration sector (publicly traded) with less than 100 million shares outstanding, can say that they have purchased 13% of the outstanding. AUXXF a very tight share structure with 74mm shares outstanding. 6 million warrants. Almost no options. 2.7mm in Restricted Stock Units (RSUs).
boston127
5 years ago
Mistake on Eldorado Gold and our PE.
There is no PE on Eldorado, as they are losing money. And, we are losing .06/share; we are not earning .01/share. The numbers on Alacer Gold and Kirkland Lake are spot on correct. So, if we can get to earning .01/share, we will be undervalued at .09/share. Other similar companies are 19X PE - 14X PE. While we have a ways to go, more good news on another project could put us over the top. Plus, I like the fact that we are using GAAP numbers, which says to me the company has clean books.
boston127
5 years ago
The BOLO project is interesting.
The company has farmed it out, giving up 50% in exchange for $1M and an agreement by the partner to spend $4M in exploring for gold and silver. That is a good deal for the company. We could see a consistent rise in pps from here. Just from the money they have received, they are earning .01/share, a multiple of 9.5 from today's price. Not bad. The multiple for the most successful gold mining company, Newmont Goldcorp, is 13.
But, we have momentum and we are exploring and making deals. Thus, we should be priced at higher multiples. Companies similar to us are trading at PE multiples of 36X all the way to 193X.
GOLD STOCKS WITH THE MOST MOMENTUM
Alacer Gold Corp. (ASR.TO) Price = 6.49 PE = 19
Kirkland Lake Gold Ltd. (KL) Price = 63.32 PE = 14
Eldorado Gold Corp (ELD.TO) Price = 10.09 PE = 13
boston127
5 years ago
Fact sheet on shares & projects.
You can click on the fact sheet and it will enlarge. This OTC company has all of its projects in the USA, but it is a Vancouver based company. The Vancouver stock exchange is known as the scam capital of the world.
https://www.allegiantgold.com/site/assets/files/2983/allegiant-factsheet-2019-10-01.pdf
SHARE STRUCTURE
www.allegiantgold.com
1 604 634-0970
1 888 818-1364
ir@allegiantgold.com
Shares Outstanding 61,843,850
Warrants 7,267,604
Options 4,965,000
Shares Fully Diluted 74,076,454
boston127
5 years ago
Allegiant Gold Ltd.
ALLEGIANT owns 100% of 12 highly-prospective drill-ready gold projects in the US, 9 of them in Nevada. The majority of the drill targets have been identified by Andy Wallace, credited with multiple gold mine discoveries.
The gold mining guru, Andy Wallace, has retired. This may explain the drop in price. This was .20 a year ago. Andy Wallace was as good as it gets.
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July 03, 2019 08:00 ET | Source: Allegiant Gold Ltd.
VANCOUVER, British Columbia, July 03, 2019 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (โALLEGIANTโ) (AUAU: TSX-V) (AUXXF: OTCQX) announces that its agreement with Cordilleran Exploration Company ("Cordex"), to design, initiate and carry-out generative and mineral exploration activities in Nevada and elsewhere in the United States on behalf of ALLEGIANT, has expired, and is not being renewed due to the retirement of Andy Wallace, a principal of Cordex.
Cordexโs mandate included the identification of prospective acquisition opportunities for ALLEGIANT, and to design and carry-out exploration programs on ALLEGIANTโs portfolio of properties. Pursuant to the agreement between Cordex and ALLEGIANT, all activities were funded by ALLEGIANT whom retained a 100% ownership of new projects staked, and Cordex benefited from an NSR royalty.
Cordex operated as ALLEGIANTโs and previously as Columbus Silver Corp.โs, and Columbus Gold Corp.โs (ALLEGIANT was spun-out of Columbus Gold), exclusive exploration partner since 2005. During this period, dozens of projects were staked from prospecting and generative activities; about 34 projects were farmed-out to 21 companies, including Agnico, Barrick and Newmont; and more than 50 drill programs were carried-out by either Columbus, ALLEGIANT, or by their farm-out partners. In the first seven years of the Cordex relationship, the generative-JV business model pursued by the partnership was profitable, as a result of numerous option payments received from farm-outs and from the proceeds of property sales.
Cordex is considered by many in the mining industry to be one of the most successful gold exploration groups in the United States. Cordex was founded by the legendary John Livermore, who discovered the Carlin Mine in Nevada and a new type of gold mineralization that is now referred to as "Carlin-Type". The discovery of the Carlin Mine transformed the gold mining industry in the United States and perhaps the world. At the height of the Nevada gold rush, in 1974, Andy Wallace joined Cordex, becoming a full-time geologist in 1978, and eventually Manager of Exploration in 1985. Cordex is credited with an unprecedented nine gold discoveries in Nevada.