Parkway Minerals
Parkway Minerals (ASX:PWN) aims to extract potassium - for the production of potash - from one of the world's largest greensand deposits.
Parkway Minerals is a sponsor of this site. Proactive Investors guarantees coverage of all sponsor news announcements from an investor view-point. For an in-depth analysis of Parkway Minerals, click here.
Potash West NL receives Speculative Buy and A$0.22 target from broker
Potash West NL (ASX:PWN) has received a Speculative Buy recommendation from State One Stockbroking, with a A$0.22 target price.
Potash West last traded at $0.03. The following is an extract from the report.
Time for the fertiliser sector to grow
The global fertiliser sector (nitrogen/phosphate/potash) has suffered in recent years from overcapacity and lacklustre pricing.
However, the investment thesis underpinning the sector - global food security - remains strong.
With phosphate in particular, security of supply is becoming an increasing concern for downstream producers, as 85% of phosphate rock Reserves (the raw material for synthetic P2O5-based fertilisers) is located in North Africa and the Middle East.
PWN's Dandaragan phosphate/potash Project located in WA (150km north of Perth) is perfectly located to service Asian and local markets and, unlike other domestic projects, is in close proximity to infrastructure (including rail and ports).
With limited opportunities for ASX investors to gain exposure to this key commodity, we believe that PWN offers exciting capital upside for speculative investors as the Project is progressively de-risked.
Other Parkway Minerals news
- Parkway Minerals granted US patent for its potassium extraction process
2018-05-31 - Parkway Minerals' shares up on back of increase in Davenport Resources' potash resource
2018-04-17 - Parkway Minerals leveraged to growing demand for fertiliser products
2018-03-06 - Parkway Minerals NL samples high grade potash at Lake Barlee
2017-05-30 - Parkway Minerals sees Davenport IPO as rare potash opportunity
2016-12-08
