** Analysts at Edison Investment see Canyon Resources' CAY.AX strategic investment in Camrail as a positive for the Australian firm
** Says investment by Canyon in Cameroon's rail operator will allow the former to exercise more control over the local rail infrastructure upgrade
** The upgrade is required to bring the Minim Martap bauxite project into production
** Another indication of the company’s progress towards commissioning the project and its de-risking, says brokerage
** Brokerage maintains project-level valuation of Minim Martap at $566 mln
** Stock up 33.3% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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