first blast and mining operations underway , page-18

Oilman it's worth a punt just because of the discount applied for the OKAP connection. Look at ZAM. About $10mil MC and years away from production in Zambia. So KAB 'should' be atleast $10mil MC but it's not. That's just about ticking boxes.

Get the crusher onsite.
Deliver 2000t.
Ramp up production.

It wont all go to plan. But aslong as delays are minimal, these events will re-rate the sp to atleast ZAM levels. Double your money aint bad.

I don't think it's some kind of rort. Noble wouldn't get involved for nothing. But I don't think much profit will flow to shareholders once loan is paid down and salaries paid.

And they are only trying to prove up a resource that last 6-7years. So the PE ratio wont be huge.