On 18 August 14 KNL lodged a report which gave a value to Epanko of $213million. This is from the report.
Indicates Epanko as an economically robust graphite deposit capable of producing premium
quality large flake graphite which has no limitations to its industrial use
Net Present Value (NPV) of $213m
Capital payback period of 2.5 years
Extremely low strip ratio (W:O) with first 15 years 1.3 to 1 and LOM of 2.2 to 1
Substantial Mine life of 27 years
This value in Epanko is across 130m issued shares and is worth over $1.50 per share.
Now why would the directors come back to a poor market to raise capital when they have at hand such an asset which could be used to attract a 10% partner to bring in $20m.
Then there are the nickel assets which may be sold.
Cheers,
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