Ann: DRILL RIG ARRIVES TO ARGENT'S FLAGSHIP KEMPFIELD DEPOSIT, page-10

Grabbed a few ARD recently and glad to be on board just at the right time as the Company enters a great turnaround with new Management and things finally getting done (R&D crap finally sorted, drilling, drilling, drilling and more drilling just started).


Having a bit of a look/comparison to SVL and can't figure out why such a huge valuation/market cap difference (about 10 times higher)?

MC:
ARD: $11M
SVL: $105M

Resources:
ARD has 100MozAgEq
SVL has 275MozAgEq

Both companies' projects are in the same area.

Both companies' projects are NSW State Significant Development projects.

SVL should be valued higher than ARD at this stage, but 10 times higher?

Gap to start closing shortly, imo.


Either way, SVL or no SVL, ARD is looking pretty cheap with $2m+ cash and a $9m EV, and with drilling currently started at:

- Kempfield (3,000m RC), to be followed by drilling at:

- West Wyalong (3,000m RC + 1,500m DD), to be followed by drilling at:

- Pine Ridge Gold Mine (2,200m RC), to be followed by drilling at:

- Loch Lily (2,000m RC)


Should do alright from here!


Cheers,

GB.