HFR 0.75% 33.3¢ highfield resources limited

...THE FINAL STRETCH AND IS EXPECTED TO BEGIN WORKS DURING THIS SUMMER, page-9

  1. 215 Posts.
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    This article on St**khead just came out:

    Barry FitzGerald: Fertiliser price spikes point to hunger games kick-off, and these 5 ASX stocks are primed to benefit

    Now I don't know how the five are sorted, but Highfield is top of the list:

    HIGHFIELD (ASX:HFR): Trading at $1.09 for a market cap of $397 million. Garimpeiro mentioned Highfield back on December 11 when it was 58c. Canaccord has a $1.56 price target on the stock as European food and nutrient security comes into sharp focus.

    It has been a long road for the company to secure approvals/financing for its Muga project in northern Spain but the end is in sight, with a final investment decision likely mid-2022.

    It is a low capital intensity muriate of potash project (MOP, potassium chloride for broadacre corps like wheat, corn and soy) capable of throwing off serious earnings at much lower long-term price expectations. Watch out if current prices get baked on.


    Exciting times.

    Figaro
 
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