STTCOMP KRM FA LONG
KRM closed at 5.2 and have entered today.
Key points
- BHP partnership with basically the whole project being sole funded by BHP in Finland and Norway (and can effectively spend up to 87$ million to fund this)
- ~26$ million in cash in last quarterly, putting the EV of KRM at 12.5$ million MC.
- No dilution anytime soon, excess of cash from the company suggests that they have 16 quarters of funding.
- Penikat project is untouched, they still own 100%
Pullback today was good for many people looking to enter, this should not go below 4.5 cents, would put the EV at a price near <$5 M MC.
Especially after the BHP alliance deal this week, this is looking like a long term hold for me.
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