From Hartleys research, 16 Dec. 2016.... "APC is still...

From Hartleys research, 16 Dec. 2016....

"APC is still undervalued on peer metrics (with better logistics, lower expected capex, and simple abstraction method) and should continue to be re-rated as the project is de-risked by development studies. "

"APC’s immediate ASX brine peers (RWD, SO4, AMN) are trading at significant market capitalisation premiums, some 2.7-3.9x higher than APC, which in our opinion appears unjustified. "

"With strong flow rates now demonstrated from the maiden test pumping we look forward to the release of the Scoping Study. "

"We maintain our Speculative Buy recommendation on APC, with a 12-month price target of 29cps. APC’s current cash positioned is just over A$5m. "


Scoping study due in March quarter.  Inside ownership strong, Mark Creasy on share register, other big names accumulating.

http://australianpotash.com.au/wp-content/uploads/2016/12/APC-20161216-External1.pdf