Argonaut | The Natural Choice in Resources.
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PDI has published a Pre-feasibility study for the development of its 5.4Moz Bankan gold project located in Guinea.The PFS proposed a new standalone development producing 269koz/pa over a 12-year mine life at AISC of US$1,132/oz with a post-tax NPV5 of US$668M (Extension Case).A large high-grade open pit inventory of 2.3Moz at 1.42g/t Au with aRead more
MRE update for the Kokoseb discovery is due imminently that Argonaut estimates will be a +2Moz resource with excellent mining attributes that support a new standalone development. Recent gold price movements increase our WIA Price Target from $0.16 to $0.23 with a Speculative Buy maintained. Key Points Kokoseb MRE Update due soon: WIA have flaggedRead more
The sale of fleet at the Dawson South project is in line with Macmahon’s capital-light focus. We expect the market to reward strategy execution as well as consistent delivery against earnings guidance. BUY maintained on a revised $0.32 valuation (prior $0.30). To access the full report please log in under the Client Area at theRead more
SCEE has a large, long-term pipeline across a range of sectors and is well placed to take advantage organically and inorganically. It drives an upgrade to medium term earnings forecasts and a re-rate of valuation multiples. BUY maintained. To access the full report please log in under the Client Area at the bottom of thisRead more
FFM’s share price strengthened in recent months on the back of improved metals prices and positive company news flow. Completion of a recent A$52M capital raising should provide FFM with sufficient funding for at least the next 12-18 months. Planned drilling has been expanded from 40,000m to 100,000m and will test both down plunge andRead more
RED’s 3QFY24 result was solid with gold production, gold sales and cash balance all within 1% of our forecasts. Production was down sequentially, largely due to planned and unplanned maintenance of the process plant at King of the Hills. We reiterate our BUY rating on RED and lift our price target 2% to A$0.51 toRead more
Qoria has rejected a cash offer of $0.40 per share from US-based private equity firm K1 Investment Management (K1). However the proposal and associated call option structure with two shareholders puts Qoria “in play” in our view. Accordingly, we are comfortable with our retained BUY call, noting our valuation excludes any takeover control premium. ToRead more
Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.
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