You’re spot on regarding the BFS—10 years is just the tip of the iceberg. The resource growth potential hasn’t been priced in, and the upside from exploration (both near-mine and beyond) could support a multi-decade operation.
As for financing, both scenarios you mentioned are credible. A strategic partner putting up equity in return for project-level ownership would validate the value and could trigger a rerate. And if the Salim Group steps up, it will likely come with clarity on long-term intent—which in itself would remove a major overhang.
We’re now in a phase where execution matters most. If funding lands cleanly and without excessive dilution, KGL’s leverage to copper and cash flow could finally be recognised by the market. Watching closely heading into June.
KGL Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
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