AEK anatolia energy limited

Issued to Subscribers today: Leading Perth Broker issues...

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    Issued to Subscribers today:

    Leading Perth Broker issues Speculative Buy Recommendation and a Target Price offering >130% upside
    Anatolia Energy Ltd (AEK.ASX) is quickly closing in on finalising  a Feasibility Study for the high grade, low cost Temrezli Uranium Project in Turkey that is capable of being in production by 2016 and generating very substantial free cashflow for shareholders; Anatolia also offers exposure to a second high grade project within 40km, the Sefaatli Project.
    The Preliminary Economic Assessment (PEA) for Temrezli demonstrates a robust project that is capable of generating in excess of $310 million in free cashflow over a 10 year initial life of mine,and an IRR of 109%, an NPV of US$186 million and the all in cash cost of the project is only US$20.22/lb,
    Anatolia’s market cap is $21 million today yet the near term production potential of at least 1.0Mlb per annum U308 productionas forecasted by Hartleys’ analyst Trent Barnett after a recent site visit, the favourable project economics, and the A-grade team has already attracted well known global institutional investors who now hold 54.6% of Anatolia’s shares, providing a strong endorsement for the Temrezli Project.
    Exploration success at the Sefaatli Project could see the economics rise significantly, added to which Mr Barnett says, “if an economic resource exists at Sefaatli then the mine life extension would be a significant positive by increasing the value of the call option on uranium prices” which most analysts forecast will be above $60 in the medium term.
    Anatolia’s Board has unrivaled experience. Between the Managing Director, Jim Graham and Anatolia’s executive team, they have discovered, developed and permitted ISR uranium mines in Australia, Kazakhstan and USA, and have had close involvement with 7 ISR operations.
    In his note Mr Barnett comments that Anatolia should be funded to the point of decision to mine. In February the Company announced it had exercised a $1m put option and he considers a further $1m put option at $0.12 per sharewill be exercised within a few months. The Company’s current share price is $0.09.

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    Major Asia-based uranium development and investment company says:​

    “Temrezli is one of the best ISR projects globally”


    Please click here (link to website) to read the full Hartleys research note, the Company’s PEA, and the latest corporate presentation
 
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Currently unlisted public company.

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