Initiation of Research
8 December 2021
Capital Metals plc
("CMET" or the "Company")
Initiation of Research
Capital Metals plc (AIM:CMET), a natural resources company focused on the development of the Eastern Minerals Project located in the Eastern Province in Sri Lanka ("the Project"), one of the highest-grade mineral sands projects globally, announces that WH Ireland ("WHIe") has recently initiated coverage on the Company. with a target share price of 33p.
WHIe commented:
"Low capital cost of $40m (WHIe) ensures the Project is robust and we see fair value at 33.3p from a risked DCF. Milestones and risk reduction as Capital (Metals) goes through the various stages should see us lower our risk rating."
The full text of the Research initiation can be found at WHIe's website as follows:
https://www.whirelandplc.com/research-portal
No material new financial or other information is provided.
For further information, please visit www.capitalmetals.com or contact:
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Capital Metals plc Michael Frayne (CEO) James Mahoney (CFO)
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SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan |
+44 (0) 20 3368 3554 |
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WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell |
+44 (0) 20 7220 1666 |
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Brandon Hill Capital Limited (Broker) Jonathan Evans/Oliver Stansfield |
+44 (0) 20 3463 5000 |
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