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Swick Mining Services (SWK) - Re-Initiation

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Swick’s latest innovation, Orexplore, has the potential to significantly disrupt the multi-billion-dollar a year minerals analysis industry and is a world-first technology. If commercialised successfully we believe Orexplore will provide substantial growth in coming years. We also expect growth from Swick’s core drilling business on the back of margin expansion in an improving commodities environment. These strong growth prospects underpin our BUY recommendation on a blended valuation of $0.40 per share.

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Perth:
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+61 8 9224 6888

Hong Kong:
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+852 3557 4888

 



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