Still holding 320,000 thought of bumping it up to 400k earlier...

Still holding 320,000 thought of bumping it up to 400k earlier this week but didn't take the opportunity... oh well

Argonaut actually have a price target of .81c but have discounted it.

"Taking a blended average of the above 4 methods results in a valuation of $127m, with a range of $107m-$150m. Based on the current diluted shares on issue, this gives a valuation of $0.81. Our price target of $0.57 is a 30% discount to this, due to size, liquidity and lack of takeover premium."

Also talk on possible monetization of the company/projects similar to black merlin (this was my way of thinking as well, as developing the land on there own will take many hundreds of millions and many different resources.

"We would not be surprised if the team at Swala chose to monetise, at the right price, similar to the Black Marlin situation – especially if the gap between Industry and share
market valuation remains wide. Whilst this is a little more subjective, we believe that it is possible that management can exceed the previous performance so a valuation of
>$100m is considered reasonable."