Extract Resources (EXT-T, EXT-ASX)In the Shadows of...

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.
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