Opinions
John Kaiser
Arianne Phosphate
DAN-X
COMMENT
Mar 08, 2016
$0.780
Stock price when the opinion was issued
Mining
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COMMENT
Has a phosphate/titanium deposit in Québec so this is the right geographic region. The grades are nice and the continuity is nice. However, it is a small company that needs to do more work to get their deposit developed. They have to go through studies. There is a feasibility study that is coming in the 3rd quarter. There will be news. Stock has held up fairly well. If they keep plugging away there is potential, but in this market nobody cares.
Mining
This has an igneous phosphate deposit, as opposed to the sedimentary type of deposit that comes from Morocco. They have a positive feasibility study and a very high CapX, and are working through the permitting cycle. What they need is one of the big agricultural companies to do a buyout and develop it. It’s not something that a Junior can develop. Kind of in a holding pattern.