Venturex Resources’ (ASX: VXR) recent definitive feasibility study (DFS) release has dispensed of many uncertainties around its proposed Sulphur Springs Copper-Zinc Project in the Pilbara, reports veteran small-cap writer Trevor Hoey in the Finfeed stock forum.
Sydney-based institutional broker Petra Capital has issued a BUY recommendation and 12c-a-share price target for South African-focused base metal developer Orion Minerals (ASX: ORN) following updates on the company’s Bankable Feasibility Study issued over the past week.
Orion is fast-tracking the development of the Prieska zinc-copper project in South Africa, a historical mine that was originally discovered in 1968 and was operated for 20 years by AngloVaal, at the time boasting a position as one of the world’s top-30 VMS deposits.
The recently released Definitive Feasibility Study on Venturex Resources’ (ASX: VXR) Sulphur Springs copper-zinc project in WA has prompted highly-regarded Blue Ocean Equities resource analyst Steuart McIntyre to issue an upbeat assessment of the stock’s potential.
Following a spate of recent desk notes on the $41 million company, McIntyre formally initiated research coverage this week with an eye-catching 60c-a-share price target and a “strategic target” of $1-a-share.
“We initiate with a high conviction Buy and 60c target,” he wrote.
This week’s tech wreck is not a bad thing for the mining sector on the basis that the sell-off is contained and that it will convince investors that it is time to replace over-hyped growth stories with some hard assets.
Base metal developer Venturex Resources (ASX: VXR) says it’s on the cusp of developing a new $146 million copper-zinc mine at its Sulphur Springs project in the Pilbara following the release of its eagerly-awaited definitive feasibility study this week.
Shifting global economic leadership back to the US has started to play a role in commodity prices, with base metals and oil leading the way up this week while Australian resource stocks also benefited from a continued slide in the A-dollar.
While it is far too early to declare the US the winner in its trade war with China, the early signs point that way with the US central bank head, Jay Powell, predicting that economic expansion could “continue for quite some time”.