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An update from Ferro-Alloy Resources Ltd. ( (GB:FAR) ) is now available.
Ferro-Alloy Resources Limited has announced significant progress in its Balasausqandiq vanadium project, with a 40% reduction in capital costs following a feasibility study. The company has agreed on terms for front-end engineering and design with China National Chemical Engineering Sixth Construction Co., Ltd, which provided a construction cost estimate of US$261 million. This reduction enhances the project’s internal rate of return to 31% and net present value to US$931.6 million. Additionally, a conditional loan offer from the Bank of Communication and potential access to Chinese insurance could further lower financing costs, positively impacting stakeholders and enhancing the project’s financial returns.
The most recent analyst rating on (GB:FAR) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on Ferro-Alloy Resources Ltd. stock, see the GB:FAR Stock Forecast page.
Spark’s Take on GB:FAR Stock
According to Spark, TipRanks’ AI Analyst, GB:FAR is a Neutral.
Ferro-Alloy Resources Ltd. is currently in a precarious financial position, with significant financial performance issues being the most impactful factor. The technical analysis also indicates bearish momentum, further weighing down the stock’s prospects. The lack of profitability and absence of a dividend yield contribute to a low valuation score.
To see Spark’s full report on GB:FAR stock, click here.
More about Ferro-Alloy Resources Ltd.
Ferro-Alloy Resources Limited operates in the mining industry, focusing on the production and development of vanadium at the large Balasausqandiq deposit in Southern Kazakhstan. The company benefits from the low capital and operating costs associated with the nature of the ore, and it also produces carbon black substitutes and other by-products.
Average Trading Volume: 1,478,366
Technical Sentiment Signal: Sell
Current Market Cap: £28.07M
See more insights into FAR stock on TipRanks’ Stock Analysis page.