Aton Resources Inc.
Targeting Gold Production in Egypt by 2026
Published: 5/17/2024
Author: FRC Analysts

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:ANLBF - NASDAQ 🔹AAN.V - TSX.V 🔹
Rating and Key Data
Metrics | Value |
---|---|
Current Price | 0.32 |
Fair Value | 0.63 |
Risk | 5 |
52 Week Range | 0.15-0.35 |
Shares O/S (M) | 127 |
Market Cap. (M) | 41 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | N/A |
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Report Highlights
- We are resuming coverage on Aton Resources. Aton is advancing multiple gold projects in Egypt’s Arabian Nubian Shield (ANS). Egypt is a vastly underexplored geologically rich country.
- Management’s strategy involves implementing a hub-and-spoke approach, supported by a central processing plant, managing ore from multiple projects.
- Two institutional investors own 86% of Aton’s equity, which we believe signifies a strong vote of confidence in Aton’s portfolio.
- Aton’s portfolio consists of 12 projects at various stages, with NI 43-101 compliant resources totaling 0.83 Moz AuEq across two projects (Hamama and Abu Marawat), In a