I agree skrundo, although I think for purposes of determining an MCAP for a graphite play at the moment, people seem to care very little about the prospect of success and the probability of funding. These two concepts link together very well in terms of bankability, off-takes, analysis so on and so forth.
KNL is steady as she goes, the nominal criticism seems to flow mainly from people who don't like me
KNL with an MCAP of $80m? Perfectly plausible. KNL with an MCAP of $120m? Perfectly plausible.
KNL after if it gets debt funding and finalises off-takes with Sojitz, plus its PFS at Merelani to increase production even further? Who flamin' knows!
Then add the potential third mine at Tanga, and wow.
There's also that little thing about doubling production at Epanko for another $20m, or so, and also keeping within the $100m capex mine limit for a regular mining licence...
KNL, wowee
KNL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
