First the scenario: The world has offered up two interesting projects NR this morning:
1) The pre-feas of the large-ish Magino project, owned by Argonaut Gold (R.to), with a post-tax 18% IRR using $1,250/oz gold. Lots more details here.
2) The PEA (scoping study) of the smallish Karma project, owned by True Gold (TGM.v), with a post-tax 43.1% IRR using $1,250/oz gold. Again, mull over the details at the company NR, here.
And so to the test: We discount immediate reaction (eg this morning) and set the clock for, say, Thursday evening. Right now AR.to is priced at $5.43 and TGM.v is 38.5c, so let’s see how those prices sit at the end of three days of market because if these projects can’t bring love to these stocks, gawd help us all.