Boss Resources: Honeymoon Uranium Project Acquisition - Initiation Report

Adam Kiley

TheSophisticatedInvestor.com.au

Boss Resources (ASX:BOE) recently acquired the Honeymoon Uranium Project in South Australia. The project is one of only four fully permitted uranium projects in Australia. Approximately $170m has been spent on infrastructure at the project, as production commenced in 2011, however was later placed on care and maintenance in 2013 due to the sustained low uranium price because of the Fukashima disaster. However the infrastructure has been kept in excellent condition and we believe only a minimal amount of capital would be required for production to recommence in the future. Analyst Comment: We initiated coverage on Boss with a valuation of $0.14 / share. We believe their is further upside in the share price given the significant exploration upside that could lead to an increase in the production profile in the future, as well as the strong fundamentals for the uranium price.


Adam Kiley
Director
TheSophisticatedInvestor.com.au

Adam is the Founder and Principal of thesophisticatedinvestor.com.au (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter