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    Extract Resources (EXT-T, EXT-ASX)
    In the Shadows of Rössing
    Speculative Buy
    12 Month Target Price: C$2.05
     Extract has two exciting uranium projects on its 100% owned exploration
    licences located just south of the Rössing mine in Namibia.
     Its main asset is the Ida Dome project for which a scoping study has
    been completed; however, its newly discovered Rössing South project
    could become even more valuable in the near term.
     We are initiating coverage of Extract Resources with a Speculative Buy
    recommendation and a C$2.05 target based on 1x our NAV of C$2.05.
    This report is not available for download. To request a copy,
    please contact [email protected]
 
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