Millennial Potash Corp.
Leveraging Gabon's Strategic Location and Infrastructure Advancements
Published: 12/10/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:MLP.V - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.29 |
| Fair Value | CAD $1.38 |
| Risk | 5 |
| 52 Week Range | CAD $0.17-0.36 |
| Shares O/S (M) | 77 |
| Market Cap. (M) | CAD $23 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 2.0 |
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Report Highlights
- Since our last report in May 2024, the Banio potash project area has seen considerable infrastructure development. Ongoing construction of a deep-port facility, and a power plant, is expected to greatly reduce operational risks for the project.
- MLP has raised $1.7M as part of an ongoing $3.8M equity financing (increased from the original $3.4M due to strong investor appetite), including $3M from an insider, to fund drilling and initiate environmental studies.
- The Banio project hosts a large-tonnage/low-grade potash resource. We believe there is significant resource expansion potential, as the deposit remains open in multiple direc
