Mining Brokers

Australian miner Ramelius Resources is in the unusual position for a profitable 100,000ozpa-plus gold producer of being undervalued, but broker Hartleys suggests continued production and exploration performance should address the apparent mispricing.
Ramelius' production for FY2016 was about 10% above guidance, and indications are that production will again outperform by about 3-5% in FY2017. It is, Hartleys comments, a record that shores up confidence in Ramelius’ reserve base, mine plans and exploration prospects.

The start of mechanised underground mining marks the refocusing of mining efforts by Australian miner A1 Consolidated to maximise grades at its namesake gold mine in Victoria.
Overall, the company is targeting an initial production rate of over 25,000ozpa of gold at all-in-sustaining costs of under $A985/oz over the next 12 months.
Australian broker Patersons said the costs forecast suggested a potential margin of $700-800/oz and EBITDA of over $20Mpa over the 2-1/2 year mine life.

Australian-based Birimian has been rated a speculative buy on the basis of the potential for a very large spodumene (lithium) development at its Bougouni project in Mali, Australian broker Hartleys reported. 
Bougouni comprises some 250sq km licence area that hosts the high-grade, potential bulk-tonnage Goulamina lithium deposit.
A maiden JORC-compliant resource is expected in October and Hartleys sees potential for a very large deposit at good grades (1.6-1.8% Li2O) on limited drilling to date.

Australian-based Danakali has been given a "buy" recommendation with a $A0.50 price target, compared to its current share price of $0.31, in the initial research coverage of the company by broker Baillieu Holst.