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With production from its 51Mlb US uranium project targeted for next year and another 30Mlbs earmarked in South Africa, Dutch-based advisor Uraniumletter Int’l sees Peninsula Energy as substantially undervalued, particularly when compared to existing producers.

A maiden Q3 2012 resource at the Bullamine magnetitie iron ore project in Western Australia, targeting 50Mt-70Mt at over 20% Fe, could give 25% partner Reedy Lagoon Corp a project premium valuation of $A10M-$15M.
The project is being run by big US global iron ore producer Cliffs Natural Resources, which is sole funding it through feasibility study completion.

Resource Capital Research: IMX Resources Ltd (ASX: IXR)
Recommendation: None.
Price target: Not given, but Continential Nickel takeover values IMX at $A1.6BM, or 46cps, a 61% discount to current 18cps.
Nachingwea nickel/copper project in Tanzania seen as the new jewel in IMX’ asset crown

Foster Stockbroking: Black Range Minerals
Recommendation: Speculative buy.
Price target: initial $0.07ps.
60 nuclear plants under construction, 163 more planned, sets stage for uranium price revival.

Resource Capital Research: Latin Resources Ltd (ASX: LRS)
Recommendation: Solid share price performance should continue into 2013.
Price target: Not given.

Old Park Lane Capital: TNG Limited (ASX:TNG)
Recommendation: Buy
Price target: $A0.45
Transaction with Chinese groups ECE and Aosu leaves TNG cashed up for growth.

RM Research
Recommendation: Speculative buy.
Price target: 81c
Latest drilling points to good potential for a resource upgrade at Pan Asia Corp’s TCM Coal Project in S Kalimantan, Indonesia, says RM Research.

D J Carmichael: Kingsrose Mining
Recommendation: Buy
Price target: $1.56 per share
Despite a bad March 2012 quarter and no improvement expected until the 2nd half of this year, D J Carmichael has increased its share price valuation for Sumatran gold miner Kingsrose Mining and maintains its “buy” recommendation.

Shaw Stockbroking: Greenland Minerals and Energy
Recommendation: Buy
Price target: $2.25ps from prev $1.80ps.
World class $US1.53B Kvanefjeld rare earths and uranium project in Greenland comes up trumps for Greenland Minerals and Energy.

Breakaway Research: Blackham Resources (ASX:BLK)
Recommendation: Spec BUY
An emerging gold story in a proven mining district


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