re: Ann: Quarterly Report and Appendix 5B end...
$275 per ton . exactly as we said a few weeks back, only slightly better. and now this is reality, we have already had our first sale revenue guys.
10,000 tons a months will create $2.75M/months revenue, that is $33M per year .. 30 years mine life.
You do the Maths!
Mind you: 1-we only have up to %75.
2-Opex of course, but i expect this to be very small.
3- company taxes in Zambia.
seems like very profitable and with a PE of 10. ... $200M market cap is not out of the question in my view once we have the targets outlined by the company met: drill to define a resource. mine optimization plan and increase equipment on the ground. sales deals or off take.
I am sure if they can sell 2000 tons so quickly to the Chinese, they will do a longer term agreement. watch this space
Some really need to read the announcement and stop asking questions that has been already answered by the management in great details.
This is a quarterly worthy of a mid Tier mining house. not a minnow.
But kaboko is just on another level. isn't it ??
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