Oil & Gas Exploration Companies: Reko Diq feasibility update: Long-term value emerges for OGDC & PPL - By AKD Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">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.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">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).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">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.</span...
