MNB 1.89% 5.4¢ minbos resources limited

Ann: Project and Funding Update, page-31

  1. 13,745 Posts.
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    Some people see higher risk being in Africa but if it wasn't in Angola, the opportunity wouldn't have existed in the first place! Especially for the green ammonia with its green hydro power price of only 1.1c/kwh. You won't get that in Australia, Europe or the USA or even anything close to it. Plenty of companies have done very well investing in African opportunities despite the higher risk versus Australia etc.
    I feel all other risks are quite low and compensate for the country risk. Funding risk now looks very low, operational and technical risk is very low. I believe commodity price risk is very low based on reasons that I have previously posted. Share price risk should be very low given the deep discount to NPV.
    So only one significant risk in my view and plenty of offsetting positives.
 
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