Elementos Puts Strong Development Case

John Robertson

PortfolioDirect

Elementos is one Tasmanian miner the green movement should support. Elementos has been upgraded from Phase I to Phase II in the PortfolioDirect rating framework following publication of a more detailed outline of its development plans for the Cleveland tin project in Tasmania. The planned project involves three stages extending from 2016 to 2031: tailings treatment to extract tin-copper lasting for ten years, a seven year open pit tin-copper mine and a ten year underground operation to initially produce tin-copper phasing into tungsten production over the last three years. Based on the company’s indicative operating and capital costs, the project will be strongly value accretive with an attractive return on the current $8 million market value and approximately $25 million initial capital spend before the project becomes self sustaining. One of the most compelling parts of the investment proposition in a usually hostile Tasmanian mining environment is that the first stage involves the cleanup of tailings treatment ponds left over from historical mining activity. Environmental lobbyists need a miner to do this job.


John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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