Brazilian Rare Earths Says Scoping Study Confirms Potential of Brazil Project; Shares Up 7%

MT Newswires Live
12/11

Brazilian Rare Earths' (ASX:BRE) scoping study for the Amargosa project in Brazil confirmed that it has potential to be a large-scale direct-ship bauxite project with strong economic returns, according to a Thursday filing with the Australian bourse.

The project is expected to generate average earnings before interest, taxes, depreciation, and amortization of $102 million per annum as well as free cash flow of $84 million per annum over 17 years, the filing said.

The study also found a "significant" opportunity for production growth beyond the initial 5 million tonne per annum operation, per the filing.

Shares rose 7% in midday trade on Thursday.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10