MIN 4.77% $57.97 mineral resources limited

Ann: Lockyer-2 gas appraisal well results, page-20

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    Bell Potter have released a report today following yesterdays news.

    Price Target $100 and a Buy rating.

    Spod assumptions are $5,250 for FY23, $3,028 for FY24
    Hydroxide are $67k for FY23, $50k for FY24

    Lockyer Deep has been written down by $450mil in terms of its NPV value ($2 per share)

    Not 20% as some other posters have suggested.
 
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