Prepare for a Base jump

The mineral sands producer is being re-rated, as we flagged in August.

De-risking a mining project can do wonders for the share price of the owner. That is what is happening to the titanium minerals miner Base Resources (BSE) as its Kwale development in Kenya starts production, confirming an outperform rating given to the stock four months ago.

Back on August 7 Base was one of the stocks mentioned in my column (Minefield: Mining for price growth), with its outperform status based on the finalisation of construction of what is the East African country’s biggest mine of any sort.

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