AMN has released a PFS for the Lake Mackay project which is in our opinion economically robust. By applying a 50/50 debt equity funding package needed to develop the project we have valued the project at $1.29/sh. and to account for the risk of securing funding and executing the project we have discounted our valuation by 25% and derived a risked price target of $0.97. Based on our price target of $0.97 p/sh. and thanks to recent share price gains over the last 6 months we change our recommendation to a Hold (prev. Spec Buy.)
To access our review of Agrimin Limited please log in under the Client Area Log In at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
Perth:
clientservices@argonaut.com
+61 8 9224 6888
Hong Kong:
clientserviceshk@argonaut.com
+852 3557 4888
