Equity Research Coverage Reports

De.mem Limited (ASX: DEM) - Singaporean-Australian Based - De-Centralised Waste Water Treatment Solutions - Modularised, Membrane Technology
Tuesday, February 11, 2020
IIR believes DEM is strongly positioned for growth based on its unique and proprietary portfolio of membrane technologies, its specialist engineering skills and its growth strategy, with the practical foundations of the latter now firmly in place. Its technology portfolio of different membrane technologies combined with the Company’s engineering solutions enables the Company to position itself as a ‘one-stop-shop’ water treatment solutions provider in its target markets
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Golden Deeps Limited (ASX: GED) - Vanadium Lead Zinc Project located in Namibia
Tuesday, February 11, 2020
Through the JV with GMC, Abenab is fully funded through development and operations, and in our view should be low cost by virtue of the style of mineralisation. One key benefit is that the Project should be relatively insulated from the vagaries of vanadium pricing; in addition it is planned to produce lead and zinc which provide a revenue hedge
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MetalsTech Limited (ASX: MTC) - Gold Project in Slovakia - Currently Navigating Approvals on Processing
Tuesday, February 11, 2020
Assuming that the requisite approvals can be obtained we have a valuation range on peer comparison of A$0.18/sh to A$1.11/sh and funded NPV of A$0.56/sh to A$1.73/sh at current gold prices
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TNG Limited (ASX: TNG) - Permitting and Offtake - Cashed Up - Subjected to German Bank - KfW IPEX-Bank Due Diligence & Approved
Sunday, November 17, 2019
Our risked, after tax and funded (using a conceptual funding model with a diluted share structure of 2.9 B shares) technical valuation of TNG has reduced to A$0.369/share from our previous valuation of A$0.601/share as presented in our December 2018 Flash Note.
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Bardoc Gold Limited (ASX:BDC) - Gold - Kalgoorlie - Successful Consolidation- Cashed Up -
Monday, November 11, 2019
Since the October 2018 merger with Excelsior Gold, Bardoc Gold Limited has continued to make major progress - Having just raised A$15.2 million through a placement and oversubscribed SPP at A$0.10/share, the Company is well cashed up to fund ongoing activities.
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