STA +7.35%: another positive progress update for the junior mineral sands hopeful puts them on track for production before the end of the year. With their Coburn project in WA, Strandline are hoping to capitalize on strong mineral sands prices that are currently running around 35% higher than the feasibility study had priced in. On track and on budget is the message from the company and we expect shares to track higher given cashflow is now months away.
MM is bullish and long STA in the Emerging Companies Portfolio
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