The latest Argonaut research (there is an extract available to the public on the Argonaut website) says the following:
"With funding in place conditional on debt provider due diligence, Abujar is positioned to achieve first gold by the end of 2022. Progress has been rapid, and project economics outlined in the recent DFS are compelling. In our April note we raised mineralisation continuity as the key risk to the project. In-fill drilling is yet to fully address this risk in our view, we prefer to watch from the sidelines pending a better read on the project."
Hopefully the company addresses this as they release Assay results, rather that leave it up to us to figure out what they mean. If there is a geologist out there who can provide some comments, it would be great.
Mineralisation Continuity
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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