Argonaut note mentions MOD., page-3

Interesting, think the last was back in Feb18.

​

Argonaut revised its sum of parts valuation to $0.10ps (prior $0.07ps) applying updated metrics from the PFS. Applying the Expansion Case metrics gives upside to our valuation to $0.11ps. We upgrade MOD to BUY (prior SPEC BUY).

Before that was Dec17

Argonaut assigns a SPEC BUY recommendation. Although MOD is trading near our target
price of $0.07/sh, we see upside potential from exploration success from the current​

drilling program.

Sorry about the formatting. These were taken from the MOD website which has the full notes