Euroz, a well respected firm released a broker report this week on Base Resources (BSE).
Those that have been following my blog will know that I am bullish on mineral sands and have mentioned this company, Gunson Resources (GUN) and a few others recently.
The report commenced coverage with a valuation of $0.76 (well below today's closing price of $0.43) and long term $1 share price.
Euroz believes that the Kwale project has potential revenue of US$160-180m p.a. generating EBITDA of $80-$100m once in full production.
I personally believe that the market is starting to cotton on to the potential of mineral sands companies and that every portfolio should have some exposure.
No comments:
Post a Comment