Argonaut recently completed a site visit to OAU’s Crown Prince Project near Meekatharra. A Mining Proposal will be submitted in the next two months which could see OAU producing by June/July next year. OAU will be entering production unhedged and into a record gold price. We upgrade our mining inventory estimate which, combined with gold price movements, increases our Price Target from $0.019 to $0.021. Speculative Buy recommendation maintained.
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