VIDEO: Minbos Resources Limited (ASX:MNB) Management Update on Cacata Phosphate Project

Perth, Nov 17, 2016 AEST (ABN Newswire) - Minbos Resources (ASX:MNB) - Management update: Minbos is developing the high grade (26% P2O5) Cacata rock phosphate project in Angola. We interviewed CEO, Lindsay Reed, for an update on the progress of their BFS, bulk sample test work results as well as the development of the Porto de Caio which Minbos plan to use to export phosphate concentrate.

Analyst Valuation: We maintain our belief that the market has overlooked the substantial underlying value at the Cacata project, as we determined an after tax valuation for 100% of the project of US$280m. We discounted our valuation by 50% as a number of our assumptions require confirmation (BFS). This however still results in a valuation of $0.033/share, which is a significant premium to the current share price ($0.006/share).

This information is intended to provide general financial product advice only. It has been prepared without having regarded to or taking into account any particular investor's objectives, financial situation and/or needs. All investors should therefore consider the appropriateness of the advice, in light of their own objectives, financial situation and/or needs, before acting on the advice. Where applicable, investors should obtain independent financial advice from a qualified financial advisor before making any decision.

To view the video, please visit:
http://www.abnnewswire.net/press/en/85642/minbos


About Minbos Resources Limited

Minbos Resources Limited (ASX:MNB) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate ore. Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.

 

Contact

TSI Capital Pty Ltd M: +61 404 945 234 adam.kiley@tsicapital.com.au www.thesophisticatedinvestor.com.au