Resources Rising Stars Article from this morning Strandline...

Resources Rising Stars Article from this morning
Strandline Resources
This space mentioned African-Australian mineral sands developer Strandline (STA) back on April 18 when it was trading at 10c a share.

It has since moved higher to 13.5c a share on the strength of its shovel-ready projects in African and Australia, which are being progressed through the financing stage.

It all comes at a time of broad agreement that the world needs new projects to meet demand, as has been reflected in the strong price recovery for mineral sands products in the past couple of years.

While it is up 35% since April 18, there is a conga line of analysts who reckon the stock has a long to go as both the “starter” Fungoni project in Tanzania and the much larger Coburn project in WA, make their way through financing gateways.

Morgans is the most recent, with a May 15 price target on the stock of 38c. It followed in the footsteps of Hartleys on April 17 with a 22c target and Patersons on April 26 with a 28c price target.

It is a rare thing to see analysts agreeing on upside of that that scale (62%-180%) in a junior of any description.