RE:Argonaut Gold Kept at Outperform by BMO; Target C$0.75RBC is similar although a higher target ($1.25) The biggest point is that they have $243 million to draw on and only $173 Capex remaining before commercial production. Project is mostly derisked so close to launch. Results are negative but Magino is the game changer and they also expect Mexico to get sorted out but Magino is the priority.
My thought is we will be in the penalty box for a bit but as we get closer to commercial production it will recover.