Argonaut has initiated on London and Toronto Exchange listed SolGold (SOLG) with a Speculative Buy and Price Target of 11.6p per share. SOLG’s flagship asset is the Cascabel project in northern Ecuador. Cascabel is a world class copper and gold project an impressive potential production profile. The Cascabel Project PFS was recently updated to reduce upfront capital expenditure. A reduction in the capital hurdle increases investment attractiveness. Argonaut visited the Cascabel site in the fourth quarter of 2023. Project economics could be further improved through integration of the Tandayama-Ameríca Resource and optimisation of surface infrastructure including tailings facilities.
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