Hi there,
Please find attached a BUY recommendation for Ortac Resources Ltd, the Slovakian focussed precious metals explorer/developer.
Broker Optiva Securities reworked its numbers on Ortac following the publication of its Scoping Study on the 100% owned Sturec deposit, which demonstrated a pre-tax NPV of $309 million and a life of mine revenue of $1.5 billion, posting a 12 month price target of 3.3p - 200% upside from the current trading price.
Optiva stated that: "The year ahead is likely to be very active as potential drilling results and resource upgrades are revealed, and project milestones at turec pursued.
With the share price languishing at around 1p, considerably less than our 3.3p price target, we therefore recommend Ortac Resources as a Buy."
If you would like to discuss this update with Vassili Carellas, CEO of Ortac, please contact me to arrange.
Many thanks,
Susie
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