Tiger Resources increases Copper Reserve at Kipoi Central by 112% Wednesday, January 15, 2014 by Proactive Investors
Analysis
Tiger Resources continues to build up its investment case with higher Ore Reserves for the Kipoi Central deposit.
This adds to the high grades of copper (7% Cu), low cost per pound ($0.30 per pound at the HMS plant for 2014) and high margins.
With the current copper spot price of about $3.328 we believe that Tiger Resources will draw corporate interest, especially from Chinese or Asian and minerals groups that are actively seeking copper production with low quartile operating costs, high margins and long project life.
It also underscores just how much there is to look forward to for the company this year including the start-up of production from the Stage 2 SXEW plant.
On our valuation, Proactive Investors imputes a share price target for Tiger Resources at between A$0.58 to A$0.76 per share.
TGS Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
