I forgot to mention AAG seems to be a compelling proposition as a stand alone mining operation with CMGP because it will also have a staged plan for production.
With lower cost, open pit mining above ground to fund the underground developments later on in the project.
I'm hoping the pit optimisation work they are doing at the moment is favourable. I believe once this work is completed a JORC Ore Reserves statement can then be made. Including 250k oz of reserves (my guess) materially changes the valuation of the company from 27cents-ish at the moment to target I mentioned above.
So...pit optimisation work is a near-term value driver IMO.
AAG Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held