Sovereignty risk exists (Democratic Republic of Congo) but Kipoi is thought to be one of the highest-grade copper mines in the world. Fully funded with $80million in the bank. Set to become a very low cost producer. Ripe for a takeover. IMO, DYOR
2. CUU
My dog stock of the year last year. Ended up practically a shell. New Team on board - Jeff Williams, Nic Limb, Mitch Limb of MDL, TGZ.
Entered into agreement to purchase 80% interest in 6 “mining convention” areas and 100% interest in 13 other exploration concessions in Morocco. New investor, Hong Kong based Wealford Investments Limited - seems to be vehicle for Gregor Theiser (who previously worked for Glencore & Noble Group) He heads up Element Morocco Limited which is financially backed by Wengfu Intertrade Limited - part of the Guizhou Wengfu Group, a Chinese State Enterprise.
Not much cash in the bank ATM, but have done a placement @4c to SI's to raise $800k - Wealford took up majority, increasing their stake to over 13%. Expect they will have to raise further capital.
CUU also have some interesting projects (Au, Cu & U) in Georgetown Qld. In discussions with a jv partner who has been undertaking DD for a few months, so news soon - expect it might be JKO Mining who bought Deutsche Rohnstoff Au plant/tenements, also PNN's which suround CUU. Also East Frome.
Might be a rockstar this year? Can only hope. DYOR
