Blencowe Resources PLC Research Note
21 July 2022 - 7:00PM
RNS Non-Regulatory
TIDMBRES
Blencowe Resources PLC
21 July 2022
21 July 2022
BLENCOWE RESOURCES PLC
("Blencowe" or the "Company")
Research Note on Orom-Cross Graphite Project
Blencowe Resources ("Blencowe" or the "Company") (BRES:LON), is
pleased to note the publication of a new research note by First
Equity Limited on the Company's Orom-Cross graphite project,
located in Uganda.
In the note, First Equity Limited, u sing the new PFS numbers,
have updated their risked valuation model, based upon a revised
NPV8 of $482m for Orom-Cross and by applying a 30%
development/resource, 50% finance and 25% country risk factors to
derive an estimated GBP105.4m (prev. GBP43m) value.
A GBP105.4m risked graphite project value equates to a price per
share of 59p, which is more than double their previous 27p target
and represents an uplift of around 18 times from the current share
price.
Click here to read:
https://blencoweresourcesplc.com/capital-structure/
**ENDS**
Contacts
Blencowe Resources Plc www.blencoweresourcesplc.com
Sam Quinn (London Director) +44 (0)1624 681 250
info@blencoweresourcesplc.com
Investor Enquiries Tel: +44 (0) 7891 677
Sasha Sethi 441
sasha@flowcomms.com
Tavira Securities Tel: +44 (0)20 7100
Jonathan Evans 5100 jonathan.evans@tavirasecurities.com
First Equity Limited Tel: +44 (0)20 7330
Jason Robertson 1883
jasonrobertson@firstequitylimited.com
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END
NRAUAABRUOUBURR
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