Emerging Growth Research Releases Flash Report on First Phosphate; Maintains Buy Rating and C$4.94 Price Target
Emerging Growth Research released a Flash Report on First Phosphate, maintaining a Buy rating and a C$4.94 price target, which implies roughly 181% upside from current levels. The report underscores recent de-risking milestones, including G7 Critical Minerals recognition and the execution of definitive offtake agreements for 200,000 tonnes of phosphate concentrate and 60,000 tonnes of phosphoric acid annually.
Key figures
- Share price cad
- 1.76
- Price target cad
- 4.94
- Cash treasury cad
- 35000000
- Upside percentage
- 181
- Price to nav ratio
- 0.36
- Net asset value cad
- 4.94
- Financing amount cad
- 15400000
- Government grant cad
- 16700000
- Potential guarantee cad
- 275000000
- Offtake acid tonnes per year
- 60000
- Offtake concentrate tonnes per year
- 200000
AI analysis
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