Updated Commissioned Research Report Covering Wolf Minerals

Breakaway Research released an updated commissioned research report covering Wolf Minerals Limited  and the development underway at its Hemerdon tungsten project in England.

The DFS indicated a project NPV of £74M (A$ 122M or A$0.62/share) and assumed an APT price of US$360/mtu and a tin price of US$30,000/t.

Cash costs (after tin credits) were estimated at US$105/mtu. Current APT and tin pricing is US$417/mtu and US$21,000/t respectively.

Based on commodity price sensitivity analysis, Breakaway estimates a current NPV range of between £100-£110M (A$0.84-$0.92/share).
 

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