KAB 0.00% 0.1¢ kaboko mining limited

fundamental analysis: 5 bagger

  1. 37,911 Posts.
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    ok

    i thought to plunge into this, to receive FEEDBACK on my FA

    since KAB are involved in a few complex transactions, FEEDBACK is sought from more knowledgeable shareholders

    i get 1,389,904,240 pieces of script, comprising of:

    676,765,521 issued shares
    50,000,000 Celtic shares convertible at 2 cents
    100,000,000 Noble warrants exerciseable at 1.2 cents
    338,813,529 options exerciseable at 3 cents
    4,000,000 options exerciseable at 3 cents 9,979,382 options exerciseable at 2.2 cents 5,000,000 options exerciseable at 2 cents 18,679,141 shares for finance fee for Noble loan
    20,000,000 options exerciseable at 2 cents for fee
    166,666,667 shares for future $2,500,000 cap raising [@ 1.5 cents]

    current fully diluted market cap is $6m

    i get 2 x offtakes x 180Ktpa = 360,000tpa sales

    i get 360,000t x 48% grade x (($500dmtu x 0.95 royalty) - $350dmtu opex) - $1m depreciation - $1m interest x 70% for tax = $14M NPAT per annum

    project share = 72%

    KAB NPAT = $10M pa

    EPS = 0.7 cents

    target 5.6 cents on PE x 8

    plus one-off 1 cent per share in options proceeds



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