We initiate detailed coverage of Savannah Resources with a BUY recommendation, a valuation and a share price target of 9.5p/share. A significant uplift beyond this could occur at their 75% owned Mina do Barroso hard rock lithium project in Portugal, which we currently value at £30m. With a valid Mining Lease, further evaluation news flow could lead to a development decision by the end of the year, with first production in 2019.
12 Mar 2018
Multiple Upside Events to come in 2018?
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Multiple Upside Events to come in 2018?
Savannah Resources Plc (SAV:LON) | 3.3 0 0.0% | Mkt Cap: 60.4m
- Published:
12 Mar 2018 -
Author:
Roger Bade -
Pages:
28
We initiate detailed coverage of Savannah Resources with a BUY recommendation, a valuation and a share price target of 9.5p/share. A significant uplift beyond this could occur at their 75% owned Mina do Barroso hard rock lithium project in Portugal, which we currently value at £30m. With a valid Mining Lease, further evaluation news flow could lead to a development decision by the end of the year, with first production in 2019.