IDC was given 60 days to do DD before signing binding contract to unlock 2.1Tcf resource for the 500mw project. It sounds confident that 2.1Tcf gas reserves can be proven. We look at $2b MC one day at least when that's proven. Timeline for that could well be: it is projected to take next 2-3 years for the 1st stage 50mw project, 10years for the 500mw project. So $2b MC in 10 years, 22 X of current MC. And of course the SP is forward looking, reserve size can be proven to 6tcf along the way and boost the MC by multiple times. Most important, SA has the backing of the BRICS to develop its infrastructure.
KKO Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
