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Tuesday, November 24, 2015

US house warms to Mkango after PFS update - Proactiveinvestors (UK)

US house warms to Mkango after PFS update - Proactiveinvestors (UK): "Rare earth explorer Mkango (CVE:MKA) is worth C15c per share after its updated pre-feasibility study for Songwe Hill in Malawi, according to mining house Hallgarten. An offtake agreement is now the one missing piece in the puzzle for the explorer, said the US broker. It will need this to fund the US$216mln upfront required to take Songwe Hill into production, though Hallgarten added Mkango already has one of the strongest group of institutional/core shareholders it has seen in a rare earths explorer"



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