AXT 0.00% 1.4¢ argo exploration limited

new project and pantheon drill

  1. 10,010 Posts.
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    Looks like the Pantheon drill may happen in the next 2 months?

    Can't be certain but things are looking fairly good and heading in that direction but no one can be sure?? dyor

    Looks like they may be close to securing a new project?

    From the quarterly: "The Board continues to examine quality commercial opportunities to expand its exploration/ development portfolio. Since the end of the quarter, the Board has been approached regarding a number of projects. The present market dynamics are providing the opportunity to review a number of projects that previously would not have been available to Argo. The Board sees these market conditions as likely to continue and provide enormous opportunity in the near future."

    At the moment we have about a $600k EV and at the end of the day about $2.4m to spend if we sold our Pantheon stake! But the board will hold that I beleive as the potential for our investment to double on drilling news is very likely imo.

    Hopefully we hear something soon!
 
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