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The recent resource upgrade for its flagship Kathleen Valley lithium-tantalum deposit in WA positions Liontown Resources (ASX: LTR) as “exceptionally inexpensive” against its pre-development lithium peers...

The recent resource upgrade for its flagship Kathleen Valley lithium-tantalum deposit in WA positions Liontown Resources (ASX: LTR) as “exceptionally inexpensive” against its pre-development lithium peers, according to Sydney-based Bridge Street Capital. In a new research note, Bridge Street’s veteran resource analyst (and former fund manager) Dr Chris Baker says Kathleen Valley remains “one of the most encouraging lithium pre-development projects in WA” with the new resource sitting “within the top-tier of hard rock lithium projects globally, based on tonnes and grade”.

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Investment bank Macquarie has joined a growing list of top-end brokers and institutions to initiate formal research coverage of nickel developer Mincor Resources (ASX: MCR), issuing an “Outperform” recommendation and 85c 12-month price target

Investment bank Macquarie has joined a growing list of top-end brokers and institutions to initiate formal research coverage of nickel developer Mincor Resources (ASX: MCR), issuing an “Outperform” recommendation and 85c 12-month price target. Macquarie’s initiation report follows hard on the heels of Sprott Equity Research and Shaw & Partners, both of which have commenced coverage over the past two weeks – joining institutional brokers Euroz and Petra Capital, both of which have been covering the stock for some time.

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Centaurus Metals (ASX: CTM) has also started racking up positive broker recommendations, with Perth-based Argonaut joining North America’s Sprott Equity Research this week with initiation reports on the Brazil-focused nickel sulphide developer

Centaurus Metals (ASX: CTM) has also started racking up positive broker recommendations, with Perth-based Argonaut joining North America’s Sprott Equity Research this week with initiation reports on the Brazil-focused nickel sulphide developer. Argonaut has maintained its Speculative Buy recommendation (see last week’s RRS Weekly Wrap) while this week adding a 35c valuation, derived from EV/Resource metrics, in a comprehensive new research note.

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The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies.

The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies. None more so than mid-tier copper-gold miner Sandfire Resources (ASX: SFR), whose shares plumbed 5-year lows of $4.48 this week. In show of confidence in the mid-tier miner’s ability to bounce back strongly from the current malaise, Sandfire chief executive Karl Simich shelled out $226,395 earlier this week to top up his holding to the tune of 50,000 shares.

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Strandline Resources has made big progress towards developing its two key mineral sands projects over the past year. But like so many other companies in this phase, its share price has not reflected the growing value of its assets. However, this could be about to change dramatically, according to rash of new analysts’ reports just published. Strandline has been nominated by no fewer than four prominent broking houses as a stock that is set to rise sharply over coming months.

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7th - 8th Jun 2022

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