AUSTRALIA
ELT.AX
0,09 AU$
0,00%
(ELT) | Price = 1.0c | Target = 3.7c | BUY | High Risk | Profitable at current tin prices
Publié le 03 novembre 2015
Cleveland, Tasmania |
| |
Cleveland is a tin-copper deposit that was mined by Aberfoyle (ABF) until 1984, and shut when the tin price collapsed. It is about 60km from Burnie in North-West Tasmania.
Click here for full report
|
 |
ELT�s Development Plan |
| |
There have been significant advances in tin metallurgy since Cleveland was first developed, with advances in gravity technology for finer grained material, plus flotation and leaching. ELT�s testwork confirms modern gravity and flotation technology with re-grind and leaching of the tails should recover 47% of the tin to a concentrate grading 51% Sn from the tailings.
Click here to access short report :
|
|
Later Stages |
| |
ELT has published Resource estimates of
- 840kt in an Open Cut, grading 0.8% Sn and 0.27% Cu
- 6.6Mt under-ground, grading 0.63% Sn and 0.25% Cu; and
- A separate tungsten Inferred Resource of 4.0Mt grading 0.3% WO3.
These will be developed subsequently.
Beer & Co�s analysis shows that ELT will generate sufficient cash from the tailings operations that it will not need to raise further equity for later development.
Click here to access all of Beer & Co research :
|
|
Beer & Co valuation and Recommendation |
| |
Even at current price, Beer & Co has a positive valuation of ELT. At our base case prices, which are consistent with prices in 2014, our valuation is more than 3x the current share price, with significant value growth over time as the projects are progressively de-risked.
Beer & Co is bullish on tin. ELT has low capital cost and significant upside potential at Cleveland. We affirm our BUY recommendation.
Click here to access full report :
|
|
 |
 |
|
|
|
|
 |
Beer&Co.
ACN 158 837 186
Authorised representative Melbourne Venture Securities Pty Ltd
www.beerandco.com.au |
Author:
Pieter Bruinstroop
pbruinstroop@beerandco.com.au  |
 |
Copyright  2015 beerandco.com.au, All rights reserved.
You are receiving this email because you have subscribed to our newsletter list. If you do not wish to receive our newsletter emails in the future, please unsubscribe here.
DISCLAIMER IMPORTANT: This message is for the intended recipient's use only. If you are not the intended recipient(s), please notify the sender immediately and delete the message and any attachments from your system. This message may contain confidential, proprietary or privileged information. No confidentiality or privilege is waived or lost by any transmission errors. You should not read, print, copy or use it for any purpose, nor disclose its contents to any other person. Beer and Co Pty Ltd cannot guarantee that this email message is secure or error-free. No guarantee is made that any attachment(s) are virus free. You should check all emails and attachment(s) for viruses and defects before opening and using them. Beer and Co Pty Ltd and its associates hold or may hold securities in the companies/trusts mentioned herein. To the extent that this email contains any financial product advice, it is limited to general advice only. Although the information is believed to be reliable, Beer and Co Pty Ltd does not guarantee its accuracy and it may be incomplete. Unless stated otherwise, Beer and Co Pty Ltd has not taken into account your investment objectives or financial situation when preparing the information contained in or attached to this email and therefore may not be applicable to your particular circumstances. You should obtain your own financial advice before making an investment decision. Past performance is no indication of future performance. Any reference to the terms of executed transactions is preliminary only and subject to written confirmation. This email is made available to you in Australia by Beer and Co Pty Ltd (ABN 88 158 837 186, AFSL 224 313). | |
Les autres articles de la compagnie