UBS flags Emerald Resources capex and build-time concerns
UBS says Emerald Resources’ new bull case hinges on capital expenditure needs and build-time frames as it develops two projects concurrently, noting plans to expand from 1 to 3 mines.
UBS said Emerald Resources’ main concerns are the company’s capital expenditure needs and build schedules as it develops two projects at the same time. The bank said the company is “going from 1 to 3 mines in a hurry” in a note.