Also earning its’ keep is MST Access which last week released...

Also earning its’ keep is MST Access which last week released another of its (sponsored) analysis updates.
This one is ten pages
https://www.tmtlimited.com.au/wp-content/uploads/2023/08/MST-Access-TMT-Update-2Aug23.pdf

In this update its’ valuation of TMT has dropped from 75c a share to 72c based on new shares as a result of the recent capital raise..

…(“We applied a conservative 60% risk weighting to account for outstanding project risks (financing, construction, commissioning), used a 10% discount rate (nominal), a vanadium price of US$11.00/lb and an ilmenite price of US$260/t (both long-term real).”…​

The margin comment below indicates some useful R&D refund news is on the way this month …


… That gets repeated in the report as does the revised valuation although on page 7 the author writes the earlier valuation was 74c a share not 75c ….

I think it will be good when the company is picked up by other analysts,  and I  look forward to hearing from more expert followers about any snippets I missed.

cheers