External broker reports(aggregated public sources), Argonaut

Argonaut

External broker reports(aggregated public sources)

Argonaut’s research focuses on Metals & Mining, Energy, Agribusiness, Businesses and Contractors that service the natural resource sector and select Industrial companies and where warranted, the research team covers special situations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Pickle Crow represents a medium to long-term development proposition with potential for exploration results that shift the paradigm along the journey.</li><li>We model one of many potential development pathways as a starting point for valuation.</li><li>With a decent lead-time to first gold, exploration results will be the main share-price driver near-term.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pickle Crow represents a medium to long-term development proposition with potential for exploration results that shift the paradigm along the journey.We model one of many potential development pathways as a starting point for valuation.With a decent lead-time to first gold, exploration results will be the main share-price driver near-term.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Auteco Minerals (AUT) - Exploration Upside

Australia

FireFly Metals Ltd operates as a mineral exploration company. The Company explores and mines copper and gold ming mine project in Newfoundland and Labrador, and exploring the high-grade Pickle Crow Gold project in Ontario. FireFly Metals serves customers worldwide.

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