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American Pacific Borate & Lithium Ltd

American Pacific Borate & Lithium shares ‘incredibly cheap’, according to Orior Capital report

American Pacific Borate & Lithium Ltd (ASX:ABR) is developing the Fort Cady borate and lithium project in California, which has a 120.4-million-tonne deposit at 6.5% boron oxide.
 
Orior Capital analyst Simon Francis has completed a new report on ABR where he notes the company is incredibly cheap in absolute terms as the current market capitalisation (US$21 million) is about 2% of the lower capex scenario net present value (NPV) of US$1,083 million.
 
Francis spoke to Proactive Investors with highlights from the findings.

Quick facts: American Pacific Borate & Lithium Ltd

Price: $0.36

Market: ASX
Market Cap: $75.07 m
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American Pacific Borate & Lithium MD discusses enhanced DFS metrics

American Pacific Borate and Lithium Ltd (ASX:ABR) managing director Michael Schlumpberger talks Proactive Investors through the company's enhanced Definitive Feasibility Study (DFS) on the Fort Cady Borate and Lithium Project, which is located in Southern California, USA. The improved...

on 11/2/19

2 min read