"I am optimistic that Havilah will secure another party for...

"I am optimistic that Havilah will secure another party for Kalkaroo because of the rarity of advanced undeveloped open pit copper-gold projects in the low sovereign risk environment of South Australia. Added to this is the potential scale of the deposit, favourable logistics, Havilah land ownership and mining tenements, renewable energy options, all fanned by the tailwind of near record Australian dollar copper and gold prices." [Simon Gray, Havilah's Executive Chairman]


I believe the market is undervaluing the potential growth that Kalkaroo’s copper business will have on Havilah and its stock in the short to medium-term, particularly with Goldman Sachs now expecting long-term copper prices to average US$4.44/lb (real) and US$5.15/lb (nominal).

Surrounding Kalkaroo, Havilah has a treasure trove of copper in its 100% owned exploration tenements. The could be attractive to 'interested parties' who are actively seeking to rebalance their minerals portfolios.



Source: Goldman Sachs research report dated 10 January 2024 (access via Comsec)


Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.