www.unuudur.com » Aspire Mining: to benefit from Russia, China, Mongolia infrastructure deals

Aspire Mining: to benefit from Russia, China, Mongolia infrastructure deals

[Нийтэлсэн: 11:00 17.07.2014 ]

www.proactiveinvestors.com.au

- Aspire Mining Ltd (ASX: AKM) owns the Ovoot Coking Coal Project (Ovoot), and is also progressing the Northern Line Rail Line (NRL) in Mongolia.

- Ovoot is one of the largest undeveloped coking coal projects globally. Its appeal is evidenced by the Aspire / Noble Group alliance.

- Along with Tavan Tolgoi, Ovoot is recognised as one of the key potential coal suppliers to Mongolia’s Sainshand Industrial Park.

- Current off take interest in Ovoot coking coal exceeds targeted production.

- The Ovoot project requires a 547km ($1.3b) rail line linking the project to existing rail infrastructure.

- Request for a Concession from Northern Railways LLC is awaiting approval for construction by the Mongolian government. This would de-risk the entire Ovoot project.

- The NRL could become an important link for Russian/Chinese trade. It is moving from a project specific rail connection to becoming part of a network

- Financing interest (EOI) has already been received for US$1.3bn to construct NRL. It may also find funding support from Russian institutional investors for both NRL and Ovoot development

- Mongolia has embarked on a massive upgrade of its railway system that should see the development of the NRL, as part of a new and upgraded country wide network

- We believe that downside risk for Aspire is limited while infrastructure risk has been reduced

- Based on a peer company analysis, we consider Aspire Mining to be significantly undervalued. We believe that the rail concession could be granted within the next six months and hence a catalyst for a major re-rating of Aspire’s share price. We forecast a 6 – 9 months share price target of $0.125 per share (see analysis and valuation) after rail concession is granted for NRL.



Шинээр

Mongolian Copper Corp considers international fight for Erdenet mine
[Нийтэлсэн: 03.05.2018 ]
[Эх сурвалж: ]
Copper price bears are out as first surplus in six years predicted
[Нийтэлсэн: 04.04.2018 ]
[Эх сурвалж: ]
Rio Sees $5 Billion Copper Expansion on Track Amid Probe
[Нийтэлсэн: 27.03.2018 ]
[Эх сурвалж: ]
Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia
[Нийтэлсэн: 26.02.2018 ]
[Эх сурвалж: ]

Get Flash to see this player.