Minbos Resources: Commencement of BFS for the Cabinda Phosphate Project

Adam Kiley

TheSophisticatedInvestor.com.au

Interview with CEO, Lindsay Reed, to discuss: Minbos strategy for 2016; Details of the $3.4m placement; Highlight the key targets of the BFS; Update on the port development near the Project; Update on the Phosphate market; and Update on Angola. Analyst Comment:Whilst the start of work was slower than we originally anticipated due to previous financial constraints, the recent $3.4m placement means that Minbos can hit the ground running, with initial results of the BFS due to be released later this year. We also note that the placement was at a 150% premium, which was a terrific result and highlights the significant value that the new shareholder saw in the project, as premium placements are rare at the best of times, but in the current environment are unheard of. We believe given the high grade (DSO potential) and infrastructure that already surrounds the project, Minbos has potentially one of the best undeveloped phosphate projects globally today.


3 topics

Adam Kiley
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.