Elio D’Amato, Spotee Connect BUY RECOMMENDATIONS
Illuka Resources (ILU) This mineral sands producer recently delivered a solid interim report. Sales exceeded production, and all at high zircon prices. The company is expected to start its rutile mill in Western Australia by mid next year. The Eneabba rare earths refinery will be a new growth engine, following recent approvals and a $1.25 billion non-recourse loan from the Australian Government to build it.
92 Energy (92E)
A uranium prospector operating in Canada, 92E is drilling out its Gemini prospect near the McArthur River mine, which is one of the biggest and best grade uranium mines in the world. Further, 92E has acquired a 100 per cent interest in the Wares Uranium Property in the northern region of the prospective Athabasca Basin. Given a buoyant uranium price, 92E offers potential for a superior risk/reward return. HOLD RECOMMENDATIONS Mineral Resources (MIN) […]
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