Kibaran graphic on graphite, page-7

Nothing new. It's always been like this since I've been following KNL except the enthusiasm last July that sent the price to the high 50's for a short time.

Our MD thinks we should have a market cap of half Epanko's NPV ($197m) so around $100 million which is 3 times our current valuation.

I expect a move to $0.50 will happen in two phases with a pause and retrace between them. A move into the $0.30 - $0.35 range will come first where there is historical support/resistance. The catalyst for this move I believe is the dispelling of any possibility of a CR to raise the equity component of the funding.