Q: Can I get your thoughts on this speculative idea? Thanks.
5i Research Answer:
APGO s a developer, so has no revenue yet, and continued losses and negative cash flow. It has about $10M cash. Insiders own 6.4%. It possesses a portfolio of sizable silver assets, with its flagship projects being the Calico Silver Project in California, the recently acquired Mule Property, and an optioned interest in the Cinco de Mayo Project in Chihuahua, Mexico; these collectively represent one of the largest undeveloped primary silver inventories in North America and give the company significant growth potential in both resource expansion and critical minerals. It is a pure play silver developer, and the stock has surged with the sector. There is certainly potential here, but risks should also be considered very high.