Catalysts
The Mining Proposal has been submitted and feasibility metallurgical and geotech drilling is to be completed in MQ22 prior to commencement of mining studies for the feasibility. The BFS is due forcompletion in JQ22 (from MQ22) closely followed by a financial investmentdecision.
Brownfields Cu/Zn and Au-Ni-PGM exploration drilling is set to be completed in the coming months. Recommendation and Valuation With theupdated scoping study we have increased our 12-month price target to $0.28 pershare (from $0.22ps) based on a 0.7x DCF of ANX’s attributable share of theWhim Creek Project.
Our price target is fully diluted for options, performance rights and our equity assumptions to first startup.
We continue torecommend a Speculative BUY and see ANX as an emerging near-term Cu produceragainst a backdrop of strong Cu prices over the foreseeable future, offeringfurther leverage to the upside for a re-rating of the ANX share price well beyondour price targ
SEE REPORT’
AnaxJanuary 2022 (anaxmetals.com.au)
Catalysts The Mining Proposal has been submitted and...
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Last
2.1¢ |
Change
0.002(10.5%) |
Mkt cap ! $14.58M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.1¢ | 1.9¢ | $12.59K | 655.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1004031 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 50000 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| ANX (ASX) Chart |