Jinshi Resources (603505): Leading the return of the value of fluorite resources

Jinshi Resources (603505): Leading the return of the value of fluorite resources
The company is the most influential leading enterprise in the fluorite industry.First, the company has significant reserves advantages.The company currently holds 1,300 tons of fluorite mineral resources, and all of them are single-type fluorite mines. According to statistics, the available resources proved by a single single-type fluorite mine are only 6,000 tons of ore. The company accounts for over 20%.Lead.In essence, the company’s mining costs have significant advantages.The company owns large-scale mines (with an annual mining scale of not less than 10 seconds), and it ranks first in the country. Among them, the Yanqian fluorite mine has the largest single resource reserve and the largest designed mining scale in the past two decades.The type of fluorite mine has the advantages of expanding the scale and preliminary technology. The cost advantage of the combined company in the industry is obvious.In addition, the company, as the only listed company in the fluorite industry, and the index of non-listed companies, has obvious platform advantages, brand advantages, and financial advantages. The company actively integrates high-quality resources within the industry through acquisitions, mergers, and mergers to lead the return of the value of fluorite resources.The industry-leading effect of “a hundred responses”. Fluorite is known as the “second rare earth” 杭州夜网论坛 and has a significant strategic value but is still seriously underestimated.Fluorite is currently the only mineral that can provide a large amount of fluorine. In addition to traditional chemical and metallurgical fields, its downstream is also widely dispersed in new energy and new strategic strategic industries such as new materials. It is critical in the defense, military, and nuclear industries.The national lifeline field plays an important role.At the same time, previous fluorite was severely overexploited for a long time. The previous reserves of fluorite accounted for about 14% of the world, but the output accounted for over 60%, and the reserve-production ratio was only 12 years.In 2016, fluorite was listed as one of the four major strategic non-metallic mineral resources in the country, and its strategic significance and 杭州桑拿网 valuable resource attributes have become increasingly prominent. Company’s profit forecast and investment grade: It is estimated that the company’s net profit attributable to the parent in 2019-2021 will be 2 respectively.23, 3.11 and 4.30,000 yuan, the corresponding EPS is 0.93, 1.30 and 1.68 yuan, PE is currently expected to be 24, 17, and 13 times, respectively, given a “strong recommendation” rating. Risk warning: Mine resource reserves exceed expectations; downstream demand exceeds expectations.