Dowgate Capital Stockbrokers Analyst Jason Robertson talks to DirectorsTalk about Alba Mineral Resources Plc (LON:ALBA). Jason talks about the broker note issued on 5th May 2016, explains the difference between the target price of 16.5p and Alba’s current value of 0.3p, explains the different risk factors used to value Alba’s Horse Hill interest, the value given to the Brockham interest and why, the risk factors used to re-value Brokham, new values for the Graphite project in Greenland and finally when we can expect to see the new note published.
Alba Mineral Resources plc holds a 15 per cent interest in Horse Hill Developments Limited, the company which has a 65 per cent participating interest and operatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UK Weald Basin. Alba has also elected to earn a 5% interest in Production Licence 235, which comprises the producing onshore Brockham Oil Field. Alba has the right to earn up to 70 per cent of the Amitsoq Graphite Project in Southern Greenland. In addition, the Company has recently renewed its Limerick base metal and gold licence in the Republic of Ireland, and has applied for the reissue of a uranium permit in northern Mauritania. The new Mauritanian permit will be on a reduced area, and is centred on known uranium-bearing showings.