News

North American broker Canaccord Genuity has slightly pared back its valuation of WA gold producer Dacian Gold (ASX: DCN)

North American broker Canaccord Genuity has slightly pared back its valuation of WA gold producer Dacian Gold (ASX: DCN) following its March quarterly report, but still has a healthy 12-month price target of $3.35-a-share and buy recommendation for the stock. This is well north of Dacian Gold’s current price of ~$1.95 a share.

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Brokers Hartleys and Patersons are urging investors to buy shares in Strandline Resources

Brokers Hartleys and Patersons are urging investors to buy shares in Strandline Resources, saying they stand to make handsome profits as the company advances it pipeline of mineral sands projects in Australia and Tanzania. In a fresh research report, Hartley tips Strandline shares to hit 22c compared with their current price of 12c, saying the company has “the potential to build a substantial mineral sands business”. Hartleys examines in detail the recently released Feasibility Study on Strandline’s large Coburn mineral sands project in WA.

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And the falling stockpiles are more good news for Mincor and its growing Cassini discovery

Copper is the favoured metal of the big end of town miners like BHP and Rio Tinto when it comes to allocating exploration dollars. Revved up in part by the electric vehicle revolution and the electrification of Asia, demand for the red metal will certainly move in the right direction in the years to come. But does that mean that the price will also head higher from what veteran minerals economist Richard Schodde at MinEx Consulting calls the “wisdom of the crowd” on long-term prices, or the consensus of economic forecasts put another way?

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Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after.

Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after. A sharp rise in the oil price earlier this week to more than $US74 a barrel was largely a function of international events, including a fresh threat from Iran to blockade the narrow Strait of Homuz at the western end of the Persian Gulf in retaliation against US sanctions.

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Northern Star Resources boss Bill Beament has urged investors to be patient with the miner’s $US260 million Alaskan gold operation

Northern Star Resources boss Bill Beament has urged investors to be patient with the miner’s $US260 million Alaskan gold operation, saying Northern Star’s turnaround of the newly acquired mine was nearly complete (reports The Australian). Northern Star bought the Pogo mine last year from Japan’s Sumitomo, promising a repeat performance of the company’s track record of reviving the performance of the suite of Australian operations bought from the majors in a deal making spree earlier this decade.

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Fast-talking Karl Simich allowed himself a moment of slow-paced reflection at Sandfire’s recent analyst call on the group’s March quarterly report

Fast-talking Karl Simich allowed himself a moment of slow-paced reflection at Sandfire’s recent analyst call on the group’s March quarterly report (reports Barry FitzGerald on MiningNews). The Sandfire CEO's attention had turned to business development and the status of the opportunity Sandfire has had on its books since 2014 - the Black Butte copper project in Montana. Black Butte stands as a 600,000t high-grade copper resource with cobalt and silver credits.

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Liontown Resources (ASX: LTR) is achieving growing market awareness of the exploration successes and resource growth at its key WA lithium projects

Liontown Resources (ASX: LTR) is achieving growing market awareness of the exploration successes and resource growth at its key WA lithium projects, according to prominent Sydney-based resource analyst Gavin Wendt. The company’s shares are up around 30 per cent since the start of the month, as investors begin to absorb the significance of the dual drilling programs at its Kathleen Valley and Buldania lithium projects in WA. “The quality of exploration results from these programs cannot be questioned,” wrote Wendt, in his widely-circulated newsletter Mine Life.

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The latest analysis by Bank of America Merrill Lynch analysts suggests new copper developments will not swamp the market and create an oversupply situation any time soon (reports MiningNews). The analysts do not expect ‘base case' projects moving through the development phase now to upset long-term copper market balance. They were aware of market concerns about an avalanche of supply creating surpluses and price weakness, but said: "We disagree.

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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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