Well....obviously everybody waiting for the ressources upgrade from Kitumba. Meanwhile the SP crumbles slowly but steady towards the 90 cents again.
At the moment I am figuring out what the best case or the worst case might be.
The probability the the ressources are higher then stated roughly 12 month ago is high. The question is: how much of this upgrade is already priced in the current SP? If most of the market participants are anticipating this upgrade would that not mean, the a large portion of possible gains in the SP are alredy priced in?
In this case I guess only a really substantially higher upgrade might have a feelable positive effect on the SP. 10 % higher ressources surely were not a game changer. 30, 40 or 50 %....okay...that certainly would have an impact on the SP.
In regard of Mumbwa/Kitumba you will find more interesting information on
By the way....did you know that Kakozhi is the former Mutoya? Will check former drilling results from there to check possible patterns similiar to Kitumba.
Any views on the possible upgrade? I have the feeling that it should be around + 30 % or more.....
BTR Price at posting:
95.0¢ Sentiment: LT Buy Disclosure: Held
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