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Mining Capital's Ford sees 'huge growth opportunity' for Base Resources

Mining Capital's Alastair Ford gives his take on the PFS issued this week from Base Resources PLC (ASX:BSE) (LON:BSE) on its Toliara project in Madagascar.

The net present value's been estimated at US$671mln in the study.

Based on the existing resource, the PFS estimated a mine life of 33 years producing 806,000 tonnes of ilmenite, 54,000t zircon and 8,000t of rutile each year.

Quick facts: Base Resources Limited

Price: 12.25 GBX

AIM:BSE
Market: AIM
Market Cap: £143.52 m
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