Millennial Potash Corp.
Expands and Upgrades a Large Potash Resource in Africa
Published: 2/2/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:MLP.V - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.24 |
| Fair Value | US $1.02 |
| Risk | 5 |
| 52 Week Range | US $0.14-0.61 |
| Shares O/S (M) | 58 |
| Market Cap. (M) | US $14 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 1.4 |
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Report Highlights
Highlights
MLP has delineated a large-tonnage/low-grade maiden NI 43-101 compliant resource estimate for its Banio potash project in Gabon, Western Africa. The new estimate is 8% higher than a JORC (Australian) estimate completed in 2018.
Indicated resources account for 36% of total resources (previously nil), implying increased confidence.
The current estimate covers only 1.5% of the project area. We believe there is potential for resource expansion as the deposit remains open in multiple directions. MLP is aiming to complete a Preli
