IKW ikwezi mining limited

Ann: Annual Report to shareholders, page-2

  1. 7,161 Posts.
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    T20 hold 98.1% not much supply available.
    Directors own this company and haven't accrued or been paid a wage since 2015.
    Just started mining with supply and sales coming in. This will ramp up production once they get things going - They have a solid mining operator engaged. Forward looking curve for coal is still strong and a lot of mines have shutdown.
    Zero debt.

    Revenue first stage projection once wash plant is in play 180,000t per month x12 x $65-75 = $151M per year... producing under $50 per ton... thats a significant re-rate coming..... funding the expansion with cash..... also in annual report looking at LNG projects to start the process of diversifying away from coal.....

    Time directors started marketing this project as they have got it off the ground finally!

    I just picked up a small parcel but might go in for more.
 
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Currently unlisted public company.

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