NRA Capital Pte Ltd
Mustang Resources Ltd (ASX: MUS) - Activities Update and Site Visit(Image)

Mustang Resources Ltd (ASX: MUS) - Activities Update and Site Visit

Equity Research Coverage Reports

We have updated our valuation for Mustang, with this resulting in a slightly lower base case 12-month price target of $85 million, or $0.16/share, a 225% premium to the current price. 80% of this is based on a risked DCF valuation for a hypothetical operation.

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