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Bathurst Resources Ltd ( (AU:BRL) ) has shared an update.
Bathurst Resources Limited has released an updated feasibility study for its Tenas Steelmaking Coal Project in British Columbia, confirming the project’s economic viability despite increased capital and operating costs due to inflation and revised coal price forecasts. The updated study indicates a rise in pre-production capital and operating costs, yet also shows an increase in the project’s post-tax Net Present Value, underscoring its potential as a competitive steelmaking coal development opportunity.
The most recent analyst rating on (AU:BRL) stock is a Buy with a A$0.94 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
More about Bathurst Resources Ltd
Bathurst Resources Limited operates in the mining industry, focusing on the development and production of steelmaking coal. The company is primarily engaged in projects in Canada, with a significant market focus on the Tenas Steelmaking Coal Project in British Columbia.
YTD Price Performance: -0.94%
Average Trading Volume: 52,251
Technical Sentiment Signal: Sell
Current Market Cap: A$177.6M
For detailed information about BRL stock, go to TipRanks’ Stock Analysis page.