Macarthur Minerals is moving forward with its Lake Giles Iron Ore project with the
potential to secure rail and port access stepping closer. Other components of its BFS
have been completed (e.g. resource upgrade) or have commenced with BFS completion
expected 2H CY2021. However, given the substantial project resource size (1 billion
tonnes), the confirmation of access to market is likely to stimulate increasing interest
in the Company.
Hence, Breakaway Research has a BUY recommendation on MACARTHUR MINERALS
with a price target of A$0.92/share reflecting our NPV valuation.
Official website: https://macarthurminerals.com/
ASX on Hotcooper: http://hotcopper.com.au/asx/MIO
Markets: Iron