Lunnon Metals’ (LM8) recent Baker Preliminary Feasibility Study outlines a development scenario for the deposit. LM8’s study considers an initial three-year mine life for production of ~4.1kt of nickel in concentrate sold per annum. The study outcomes mostly align with our expectations although the overall mined Reserve was slightly lower than we had modelled resultingRead more
Core brewing performance can rebound in FY24 after disappointing in FY23. Key will be reigning in controllable costs (like sales & marketing) with hoped-for better pricing a possible sweetener. Brand volume growth has been impressive; the challenge is finding the right cost base to support this while delivering earnings today. Meanwhile the $4.9M cash saleRead more
In this report we complete a deep comparative analysis of Centaurus Metals’ Jaguar Nickel Sulphide Project with several high-profile advanced stage Pressure Oxidation developments held by ASX listed entities. Our evaluation includes side-by-side comparisons based on Gross, Recoverable, Payable and Profit value from Resources and development inventories. We also compare development scenarios for peers, alongRead more
Macro factors are pulling the property market in different directions, creating uncertainty. But a low-cost, well-positioned landbank of 37k lots (>70% of which are in production) provides reason to remain positive on the longer-term value to be realised for Peet. To access the full report please log in under the Client Area at the bottomRead more
It is not difficult predicting an increasing focus on the ESG issues which K2F’s solutions uniquely address, even if earnings and cash flow during the Company’s early growth phase are harder to forecast. The current enterprise value (EV) does not reflect the potential, which we expect will be realised as K2F nears earnings and cashRead more
We recap recent contract wins and discuss the issues at Warrawoona. Current challenges at some other client sites are balanced by a strong gold price environment. We maintain a BUY call given MAH’s guidance track record and after further risking our valuation. To access the full report please log in under the Client Area atRead more
Expecting June 2023 quarter results to drive the shares up further in a strong market. To hold the gains more consistent cash flow margins, and/or corporate action are likely required. To access the full report please log in under the Client Area at the bottom of this page. Argonaut’s Client Area allows you to viewRead more
Following the release of Musgrave’s Stage 1 pre-feasibility study we have updated our modelled base case mining scenario. We no longer assume toll treating, and instead model our base case as a stand-alone project with the construction of a 500ktpa processing plant. In this scenario, our modelled financing assumptions and resultant equity dilution is theRead more
With West Musgrave and Yangibana wins we have over 80% of our next two year’s revenue forecasts underpinned (inclusive of Upstream PS and Mipac forecasts). This level of visibility is unusually high, yet we expect it will build further from here. To access the full report please log in under the Client Area at theRead more
Quarterly charts, Company dashboards March quarter 2023 To access the full report please log in under the Client Area 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 wouldRead more
