Atna

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Får dem igång Pinson utan problem kommer de gå fort...

"Pros:

• Production to double in 2013 with cost/oz going down or staying the same with the Pison mine coming online
• Has positive cash flow and earnings which offers down-side protection
• Cheap on valuation: Trading at 5x 2012 cash flow, 3x 2013 cf and 0.2-0.3x P/NAV. As a comparison, other junior/intermediate producers are at 8.1x 2013 cf and 0.9 NAV.
• $17 M financing was just completed at $1. This was an overhang on the stock and now that Pison is fully financed, the share price has started moving.
• So far, things progressing well on Pison.
• Located in the US, so low country risk
• Favorable macro factors (QE3) with significant near term catalyst (Pison)

Cons:

• There could be delays in bring on Pison which is the main reason the production is doubling. Price of ATN will increase as this is de-risked and brought online.
• Rising oil prices and inflation could increase costs. However, gold price could more than offset this."

Pinson Mine