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10.0¢ kgl resources limited

http://www.minesandcommunities.org/article.php?a=11098

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accumilator

125 Posts.

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17/08/14

11:10

Post #: 13828741
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Originally posted by ozblue ↑

BC,
I did check out Ivanhoe's web site and the associated reports. Their copper resource is indeed an impressive one, yet there remains sovereign risk in that area.
Probably because of this, the planned mine consists of.....

"The mining rate and concentrator feed capacity is 5 Mtpa, producing 143 ktpa of payable copper on average in the first 10 years of operation."

Obviously not aiming very high for such a huge resource, so the influence on other copper projects shouldn't be that massive.
If you were a banker, would you prefer to lend on a project in the DRC or Australia?
If you notice Tiger Resources (TGS) that have an operating mine in DRC, there appears to be sudden shareholdings (dilution) going to parties in the DRC for no particularly obvious reasons, likewise loans. I do not consider it a particularly easy part of the world to work in. Over time this may change.

However a good resource in a stable country is often worth a lot more than a great resource in an unstable one. We have at least a very good resource, and possibly a great one.

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http://www.minesandcommunities.org/article.php?a=11098

KGL Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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Last 10.0¢		Change 0.000(0.00%)		Mkt cap ! $64.81M

Open	High	Low	Value	Volume
9.6¢	10.0¢	9.6¢	$8.428K	85.76K

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No.	Vol.	Price($)
1	102000	9.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	102000	0.095
1	100000	0.093
3	210761	0.092
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1	26000	0.090

Price($)	Vol.	No.
0.100	146388	2
0.105	25000	1
0.110	40854	2
0.115	100000	1
0.120	736648	6

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