MST published an initiation report for KGL a few days ago - 35 cents full funded ($4.75/lb) or 41 cents assuming $5/lb.
Charging up - Jervois set to deliver.pdf
Assumes 40% selldown at 30% discount to NPV. Leverage 40%. Conservative?
Also interesting to see investors paying up recently for stakes in projects reflecting the scarcity of shovel ready projects ..see Mitsubishi investment for 30% stake in Copper World acquired from Hudbay Minerals (premium to NPV, DFS to follow) announced a couple of weeks ago.
And precious metals are on a tear given global government spending and geopolitical tensions ...predictions for gold and silver already hitting multi-year highs are bullish.
The recent 3D inversion analysis is timely for indicating the resource is potentially much larger.
Market timing also looks good for KGL, finally.
Need a competitive process to max. results/strategic options.
DYOR.
(20min delay)