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Anglo Pacific Group buys 'significant' stake in Brazilian Nickel Limited

Anglo Pacific Group PLC's (LON:APF) Julian Treger caught up with Proactive's Katie Pilbeam to explain their roughly 2.1% stake in Brazilian Nickel Limited.

Treger says this investment is 'not big in dollars terms, but big in terms of significance'.

He says Brazilian Nickel 'has the potential to earn us roughly $15mln a year in royalty income if we exercise our existing options and invest further'.

The mining royalties investment firm said it has paid US$2mln, or roughly £1.5mln, for the stake at an assumed value of 45p a share. He goes on to explain Nickel's future potential with reference to the electric car market.

Quick facts: Anglo Pacific Group PLC

Price: 137.6 GBX

Market: LSE
Market Cap: £243.73 m

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