• Barrick Gold Corporation, the 50% operating partner in the Reko Diq Mining project, recently provided an update on the highly anticipated revised feasibility study in its latest press release for the project.
• The updated feasibility study for Reko Diq estimates a 37-year mine life, with total capital investment estimated at US$8.83bn (Phase-1 requiring US$6.0bn).
• Factoring in OGDC/PPL’s pre-divested 8.33% stakes, we estimate the mining project to contribute PkR51/81 per sh to respective valuations before adjusting for the minority stake discount.

Courtesy – AKD  Research