ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Myanmar Metals (MYL) – Compelling Starter Pit

    Home Latest Research Myanmar Metals (MYL) – Compelling Starter Pit
    NextPrevious

    Myanmar Metals (MYL) – Compelling Starter Pit

    By admin | Latest Research | 0 comment | 17 September, 2018 | 0

    Myanmar Metals logo

    Myanmar Metals (MYL) released a Scoping Study for a starter pit in the China Lode of the Bawdwin Project (51% MYL). This 13 year, 250m deep starter pit provides compelling economics and would be the envy of most base metal projects globally. We estimate the 1.8Mtpa plant will produce 158ktpa Zn equivalent at minus ~US$0.45/lb payable Zn all-in sustaining costs (after credits) and generate average Revenue and EBITDA of US$395m and US$165m respectively (100% basis). It is important to note that the China Lode open pit consumes only 26% of the current resource. We believe the PFS (due Q1 2019) will incorporate additional open pits and underground mines from the neighbouring Shan and Meingtha lodes to produce a +25-year mine life. In addition, there is a high likelihood of further discoveries along the 8-10km of largely unexplored prospective strike in the Bawdwin Region. We maintain a SPEC BUY recommendation with a revised target price of $0.20/sh (from $0.22/sh).

    To access our Myanmar Metals report please log in under the Client Area Log In at the bottom of this page.

    Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

    If you would like to access our research please contact us to create an account.

    Perth:
    clientservices@argonaut.com
    +61 8 9224 6888

    Hong Kong:
    clientserviceshk@argonaut.com
    +852 3557 4888

     

    Google+

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital