GRR – UBS rates the stock as Buy

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UBS views the Savage River project as a cash cow as it generates around $100m annually at current spot prices. This will help the company develop its growth option, the Southdown project.

Post a site visit the broker retains a Buy rating on Grange on valuation grounds.

Target price is $0.82.Current Price is $0.65. Difference: $0.17 – (brackets indicate current price is over target). If GRR meets the UBS target it will return approximately 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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