Great news. Coming up in this world.

Many funds will not purchase shares of gold miners unless they are on this index.

S&P/TSX GLOBAL GOLD INDEX

http://www.stockhouse.com/news/press-releases/2016/09/09/s-p-dow-jones-indices-announces-changes-to-the-s-p-tsx-canadian-indices

Show me another Junior Producer that can obtain a credit facility of this quality. These lending banks employ professionals in this field. They know what they are doing and do not risk their capital.

Part of today's announcement:

Debt Facility

The Company has completed arrangements for a $30 million revolving credit facility (the “Facility”). Bank of Montreal (“BMO”) acted as lead arranger, bookrunner and the administrative agent for the Facility. In addition to BMO, The Bank of Nova Scotia is also participating as a lender. The three-year Facility remains undrawn at present but is immediately available. The Facility includes customary terms and conditions, will initially bear interest of LIBOR plus 2.50% and subsequently on a sliding scale between 2.25% to 3.25%. Standby fees for the undrawn portion of the Facility are also on a similar scale basis between 0.51% and 0.73%. The uses of proceeds are for general corporate purposes and future project development, possibly including, San Agustin.

Dave Ponczoch, CFO of Argonaut Gold, stated: “Our strong balance sheet and projected cash flows provide us an opportunity to access funds at a low cost of capital. The funds from the Facility combined with current cash on hand and internal cash generation will be available to fund growth opportunities such as the development of San Agustin.”

Seniors will not be able to obtain outside funding. They will be closing unprofitable mines and shelving plans to expand operations. Their exploration teams will not be funded and they will deplete higher grade resources to weather the storm.

http://m.moodys.com/research/Moodys-places-12-mining-companies-rated-in-Canada-on-review--PR_342388

What does this mean for us?

Argonaut has a huge cash stockpile to weather this banker induced shorting storm. The financial industry is actively attacking all commodities and currencies that pose a threat to US dollar value. The Petro-dollar is being destroyed by the rest of the world, led by Russia, China, and Iran.Nothing of solid value remains to support it, other than a diminishing military capability. The rest of the world (95% of the population) has had enough of US imperialism and their destruction of entire cultures.

Gold has been the symbol of wealth and store of value for over 6,000 years. It will regain this lofty position. Argonaut will be able to continue present operations until gold stabilizes at a much higher value. They will not be subjected to the extreme recovery problems like the senior producers. Nor will they be forced into bankruptcy like the smaller producers.

http://www.google.ca/finance?q=TSE%3AAR&ei=rqrjUOCvOamtiALweg

The following article also didn't hurt:

http://www.watchlistnews.com/argonaut-gold-receives-average-rating-of-buy-from-brokerages-tsear/99722/

Argonaut Gold Receives Average Rating of “Buy” from Brokerages (TSE:AR)

"Shares of Argonaut Gold (TSE:AR) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock,American Banking & Market News reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to thecompany. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.46."

All this happened on a down day for gold and September is historically a good month for the miners. The recent action with Richmont, next door to Magino, is also very positive. Their high pay veins extend down dip toward our property.

Argonaut's recent addition of property within 10 Km of one of our producing mines has over 1.2 M equivalent ounces of Gold.

What's there not to like?

Go Argonaut!

No, No, you can't take all the credit. My luck had something to do with it.

I bought a S#1T Pot full of KXL at $1.30. So, since the 10 to 1 screwing, I'll be even at $13.

Richmont is up another 12% today. They were up 20% in one day last week.

We are next to them and their high grade veins extend down dip toward Magino.

Does anyone believe we will get some of this action with our stock?