KAB 0.00% 0.1¢ kaboko mining limited

Interesting find Nathan.All sounds a bit "CCC transport JV'ish"...

  1. 5,657 Posts.
    lightbulb Created with Sketch. 4
    Interesting find Nathan.

    All sounds a bit "CCC transport JV'ish" to me.

    A nice bit of "consulting" and then never heard of again.

    Putting aside the supposed off take with Noble for lump ore.

    To set up a mine 26km in country and then come out and say you are thinking about building a Smelter as well, seems right out there.
    NOBLES $10m wont cover that.

    Below is a link to Zamanco Minerals. (ZAM)

    They are in Zambia.
    There have Mg mining planned.
    They have a drill program.....no...a real one.
    And..plans for a smelter. (Near Mansa)
    And god forbid, a planned BFS for all of it.

    The first thing you will notice is their planned site for a smelter is next to a transformer sub station. Not 26km from no where and from a power source needing transmission lines into site.

    The next, and what I have been saying, is the estimated Capex for.

    Mining/crasher at 180,000ton = US $12-14m

    Proposed Ferromanganese Smelter = $34-$38m

    Proposed Manganese MetalPlant = $3-$5m

    http://www.zamancominerals.com/media/20340/120910_presentation.pdf

    You would think they had better use for their limited loaned funds. LIKE DRILLING!
    You can only but shake your head!



 
watchlist Created with Sketch. Add KAB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.