Chatham Rock Phosphate Limited
Aiming to Commence Production Next Year
Published: 11/9/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
NZP.V - NEO 🔹
GELGF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.12 |
| Fair Value | US $0.39 |
| Risk | N/A |
| Week Range | US $ |
| Shares O/S (M) | 91 |
| Market Cap. (M) | US $11 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 1.0 |
Highlights
NZP has completed a maiden resource estimate for its Korella North phosphate project, located adjacent to Incitec Pivot’s (ASX: IPL/MCAP: $4.8B) Phosphate Hill mine in Australia.
NZP has delineated a small-tonnage/low-grade resource totaling 355 Kt P2O5 at an average grade of 13%. This estimate covers 25% of the project’s area, implying that the project has potential to host up to 1.4 Mt vs management’s previous guidance of 2.5 Mt.
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.12 |
| Fair Value | US $0.39 |
| Risk | N/A |
| Week Range | US $ |
| Shares O/S (M) | 91 |
| Market Cap. (M) | US $11 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 1.0 |
