Geared towards low cost, high margin opportunities, the projects assessed by Argonaut must be development stage, somewhere between a scoping study and pre-commercial production, have an internal rate of return upwards of 25% (large miners typically will develop anything above 15% depending on mine life), profitable through all market conditions and commodity price cycles and highly likely to achieve a project valuation north of $100m within 24 months.
To make the list the project owner must also have a valuation of less than $5bn – no boring, index tracking mega caps here...
.....It’s not everything, but in a sign of the times, gold assets still make up the largest single portion of the list, with six of the 18 names aiming to develop gold assets.Those include large producers Greatland Resources (ASX:GGP), Perseus Mining (ASX) and Capricorn Metals (ASX:CMM), who are all looking to build new mines in the coming years at Havieron, near Greatland’s Telfer mine, Nyanzaga in Tanzania and Mt Gibson in WA, respectively.
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