The combined market value of Australia’s mid-tier miners has powered ahead for the second consecutive year (reports MiningNews).
PwC's 12th annual Aussie Mine report, which analyses the 50 largest ASX-listed miners valued at less than A$5 billion, found that the value of the group jumped 28% to $58.7 billion.
All but three of the group - AngloGold Ashanti, OceanaGold Corp and Tribune Mining - saw their market capitalisations grow over the 2018 financial year.
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.