Below is the latest Argonaut research note.Target price 60cents...

Below is the latest Argonaut research note.

Target price 60cents has come down a bit from previous, mainly due to the dilution, but still 100% on today's share price.

They have put an $80mil EV on T1 and T3 underground plus exploration potential.
No pricing in of A4, which is a near term value add given proximity to T3, and that it seems the easiest and most promising target to convert into further resource.

They seem to deduce the same as a few people here, that the latest infill drilling is to increase confidence in early processing, to help secure financing. So not 100% essential for the DFS, and not a slip up of planning to start it too late to be included in the DFS.

I have wondered given the attention T3 takes up, how gung ho they can go at exploration again, and under what timeframe. But the 60 hole infill obviously has taken up
drill rigs and funds, so it may just be a case of when those free up, we're back out at T20 along side T3 work.

Busy times with multiple priorities being juggled, and they seem up to it for the most part.
Jacques must have ants in his pants though, getting the teaser exporation last year and now has to sit on his hands again with all those EM targets just waiting to be poked.

The unfortunate part is short term it looks like macro world economics will have more sway over our share price than announcements will.
But a good DFS in the bank and financing secured, we can ride any market up side if/when it comes.