Blue Ocean Equities, Research Reports
DFS Confirms Muga’s Compelling Economics (By Blue Ocean Equities)
March 30, 2015
We believe Muga’s DFS confirms it as one of the best greenfield potash projects globally, based on its first quartile margins and compelling projected returns.In our view Highfield could become a $2-3bn company within ~3 years, or a $5-6 stock, if it can bring Muga into production and trade on similar multiples to its
producing peers. Highfield is our top pick in the ASX resource space for 2015, and we believe it is highly likely to be a takeover target within 3-6 months.
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