Ann: Quarterly Report and Appendix 5B ending 30 S, page-13

re: Ann: Quarterly Report and Appendix 5B end... $275 per ton . exactly as we said a few weeks back, only slightly better. and now this is reality, we have already had our first sale revenue guys.

10,000 tons a months will create $2.75M/months revenue, that is $33M per year .. 30 years mine life.

You do the Maths!

Mind you:
1-we only have up to %75.

2-Opex of course, but i expect this to be very small.

3- company taxes in Zambia.

seems like very profitable and with a PE of 10. ... $200M market cap is not out of the question in my view once we have the targets outlined by the company met: drill to define a resource. mine optimization plan and increase equipment on the ground. sales deals or off take.

I am sure if they can sell 2000 tons so quickly to the Chinese, they will do a longer term agreement. watch this space



Some really need to read the announcement and stop asking questions that has been already answered by the management in great details.

This is a quarterly worthy of a mid Tier mining house. not a minnow.

But kaboko is just on another level. isn't it ??