Agred. IMO KP2 is significantly undervalued.
So my understanding is that Kore DFS was calculated with a potash market price of US$350/t, and at that price, the project was forecast to deliver US$500 million PER YEAR in free cash flow for 33 years (US$500m x 33 years = US$16.5 billion FCF over project life). That's in USD.
potash prices are now much higher than US$350/t and will likely remain high for a long time to come (current potash spot price reported as exceeding US$1000/t).
also, KP2 is working on increasing and extending the resource and project life via development of the nearby Dougou and DX deposits.
the potential here is...pretty impressive...to put it mildly.
GLTAH.
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1 | 350000 | 0.013 |
22 | 2830000 | 0.012 |
3 | 2886382 | 0.011 |
4 | 745099 | 0.010 |
Price($) | Vol. | No. |
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0.016 | 383333 | 2 |
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