A site visit highlighted Coburn's strong execution to plan, Strandline Resources' management and technical calibre, risk mitigation in place and production upside opportunities, Morgans suggests.

First heavy mineral concentrate (mineral sands) production looks imminent, marking a major de-risking milestone and price catalyst.

Coburn's 40-plus years of cashflows provide compelling optionality for Strandline to consider Coburn's expansion, which the broker sees as very likely. Target rises to 75c from 70c, Add retained.

Sector: Materials.

Target price is $0.75.Current Price is $0.45. Difference: $0.30 - (brackets indicate current price is over target). If STA meets the Morgans target it will return approximately 40% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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