BUY SULA
by
3Dimensional
on
19 Mar 2014 13:24
Price at rating: 2.99, now:
SULA Tonkolili is a 12.8 billion tonne magnetite deposit in Sierra Leone. Rio Tinto Diversifying Iron Ore Supply To Chinar r Today, 1:23 PMr Using an in ground value for the iron ore we derive an implied valuation for Sula, which assumes completion of a Feasibility Study in 2017. Our NAV of US$241.8 million translates to a fully dilute 28.0 pence per share, which we r use as our target price, initiating coverage with a BUY recommendation.Target 40 pence.
Score: 37.50