My Top Gold Stock For 2011- Update
In retrospect, Atna resources shouldn't have been my top gold stock for 2011 simply due to the low volume. However, the catalyst I was waiting for has come to fruition, making Atna a great deep value play as it was able to acquire the 70% interest it owned in the Pinson Project from Barrick Gold. the following are updated production estimates assuming Atna can meet all the cap-ex requirement, which shouldn't pose a huge problem in a rising gold price environment. With and EV of approx 85-90m and declining cash costs, Atna presents a deep value play.