Quotes from article "In this latest announcement, Kore highlighted that Summit Consortium have reaffirmed their commitment to provide a financing proposal for the full construction cost of Kola. The financing proposal will be provided after Kore has received the EPC proposal and has agreed with SEPCO on the key EPC terms. This looks to us to be the makings of an amazing deal as from the outset it has been made clear that all the financing negotiations have been based on the understanding that Kore will be fully funded for the construction of the project and suffer no dilution."
"This news comes hot on the heels of the unveiling of the results of the Kola optimisation study yesterday which really demonstrates the value that is being created here. At a potash price of US$1,000/t MoP CFR Brazil (less than current potash price of c.US$1,100/t MOP CFR Brazil) the Kola financial metrics came out at a post-tax NPV(10) of US$9.354 billion and an IRR of 49% on ungeared post tax basis."
"In May 2021, we updated our analysis on Kore Potash with a conservative price target of 11.2p and a Conviction Buy stance when the stock was trading at 1.175p. Now with the shares standing at 1.375p, we are more than happy to reiterate our Conviction Buy stance."
KP2 Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
