Report

Update: Zanaga FS: Through fresh eyes

Having delivered a robust feasibility study followed by the award of a Mining Licence and the favourable Mining Convention, the main focus now shifts to securing a strategic equity investor with an aim to finalise project funding by end-2015. While market fundamentals remain tough, Zanaga has all the prerequisites of an investable greenfield iron ore project that is scalable and has competitive capex intensity and opex. Funding progress is the main catalyst for the stock, which continues to offer visible upside.
Underlying
Zanaga Iron Ore Co. Ltd.

Zanaga Iron Ore is an iron ore exploration and development company in the Republic of Congo.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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