you beauty, page-2

Per Jason Brewer interview cost of ore at mine gate is $45

Transport to china is $45

Total Opex is $90

$250 to $350 price of ore, let us settle at $300

$210 is gross profit

Sino steel deal is for 180,000 tons

180,000 X 210 = $37.8M

Net to kab at %75 = $28M

Capex does not seem to be much until now, a lot of equipment bought and already on the ground from the proceeds of the last two raisings, and plant cost is only 1.5M.


180,000 tons, at the targeted 20,000 tons per months then the deal can be completed in 9 months from start of full production.

So if all goes to plan, kab is targeting to generate net profit of $28M in 9 months.

That is $38M annulised.

In the latest ann see that they are planning to increase production to 25K t/ per months to overcome the rainy season.

Upside: the next off take agreement is at a "premium" to the BHP reference price! so potentially more profit margins.

$38M divided by total number of shares diluted. heads and kabo

$38M/650M= 6c earning per share per year.

bring on some jorc that proves up a mine life of 20 years as per company first presentation. and u can choose which PE to use in your valuation.

and that is from Chowa pit alone

That is less than %5 of the whole project area according to JB