This thing has been a coiled spring for some time.  They finally have their mine up and running and guided 2018 today.  Here are the numbers

 

Expected to produce between 82,000 – 90,000 ounces of gold at All-In-Sustaining-Costs between CAD$675 – $735 / oz. (US$540-588/oz.*)

VANCOUVER, Jan. 19, 2018 /CNW/ – Atlantic Gold Corporation (TSX-V: AGB) (“Atlantic” or the “Company”) is pleased to announce 2018 production guidance  for the Moose River Consolidated (MRC) gold mine, Nova Scotia, Canada.  Following the successful ramp up for the company’s initial Phase 1 of operations, Atlantic Gold’s outlook for 2018 includes:

  • Production between 82,000-90,000 ounces of gold.
  • Cash Costs between CAD$500–$560/oz. (US$400-448/oz.*)
  • All-In-Sustaining-Costs (AISC) between $CAD675/oz. – $735/oz. (US$540-588/oz.*)

 

Do you guys have ANY IDEA how good these margins are?  These are Kirkland Lake Gold type costs.  This thing is going to undergo a massive rerating.  It’s EXTREMELY easy to mine (they aren’t going underground 4000 feet or anything).  The enterprise value is barely USD $300 mln.  Its worth 500 mln EV based on these numbers and my napkin math.  That means this stock is going to 2.50+ in Canada and SPVEF is going to 2.   This could happen real quick with how coiled it is.  NOBODY CARES NOBODY IS LOOKING AT THIS NAME.

They already know what it costs bc they mined 7k ounces in December in crap weather.