Flinders Mines Adds Potential Second Asset after Canegrass Nickel Discovery
BBY Insight | BBY | 28 November 2012 | 0 Comments
Flinders Mines’ (FMS Strong Buy, target A$0.30/sh unchanged, NPV A$0.60/sh) announcement of nickel copper cobalt mineralisation at its Canegrass tenements opens a second value creating opportunity for what is a very cheap iron ore stock. Flinders has a strong balance sheet, strong asset base, and very competent management. Its only weakness is its share register, which is still overweight event investors post the failed MMK bid. The current share weakness is creating an outstanding value opportunity for investors with a time frame of 12 months.
Bill
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