Stellar receives ‘buy’ recommendation

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Octa Phillip has initiated a research report on ASX-listed tin exploration and development company Stellar Resources (SRZ) with a ‘buy’ recommendation and 34cps 12-month price target, reporting that Stellar provides investors with the opportunity to leverage the tin price through a high grade deposit.

Stellar has nearly 50kt of tin in JORC resources and Octa Phillip expects that there is much more metal within Stellar’s tenements. This includes Stellar’s key Heemskirk Tin Project in Tasmania, which contains the highest grade JORC resource of any tin project reported to date.

Click here to read the research report, and visit Stellar Resources’ website to learn more about the company’s projects and the tin market.