New research report finds investors stand to make five times their money as Hill End prepares to supply lithium battery and LED light makers
Hill End Gold has joined the high purity alumina revolution and its shareholders stand to make a 500 per cent return from it over the next 12 months, a new research report says.
The report by Independent Investment Research senior analyst Mark Gordon values Hill End shares at 38c. This compares with their current price of ~6c, which gives the company a market capitalisation of less than $10 million.
Battery Minerals boss David Flanagan says the company has seven groups interested in completing the balance of funding for its $US51.2 million ($69 million) Montepuez graphite project in Mozambique (reports The West Australian).
Global miners like Rio Tinto and South32 are ramping up exploration expenditure as investor speculation grows about potential new jackpot discoveries in Australia’s Paterson Province and Brazil, (reports Bloomberg).
Dacian Gold executive chairman Rohan Williams says it is inevitable the newly minted gold miner will come on to the radar screens of bigger rivals but so far he has had “zero” interest (reports The West Australian).