I'm holding this for the long haul! Full report...

I'm holding this for the long haul! Full report at
http://www.breakawayresources.com.au/images/breakawa-26--oodae.pdf

Recommendation
Speculative Buy. BRW is currently trading at a significant discount to Lonsec’s base case valuation of $0.90 per share. The company is actively drilling and evaluating a number of advanced nickel sulphide deposits, has a large number of brownfields targets and can expect resumption of royalty payments from the Eloise copper mine within the next twelve months.

Key Points
�� Experienced management. Strong discovery track record and experience in progressing discoveries into development decisions.
�� Substantial nickel and base metal landholdings. One of the largest sulphide nickel exploration portfolios in the Eastern Goldfields as well as a high quality base metal project adjacent to the Eloise copper mine in the Mt Isa region of Queensland.
�� Brownfields projects. Projects are predominantly of a brownfields nature, having known occurrences of nickel sulphides as well as a number of historical mines which offer the potential for resource extensions and near term production.
�� Eloise income stream set to resume. BRW holds a 30% Net Profit Interest in the Eloise copper mine. Resumption of royalty payments is expected within the next 12 months. This will provide on-going cash flow or it could monetise the royalty stream.
�� Norilsk Nickel. The world’s largest nickel company holds a 19.7% strategic stake.