Patersons Research note, page-2

They currently rate KNL as a spec buy with 42c target:

"We view Kibaran Resources (KNL) as a prospective future natural flake graphite producer from its projects in Tanzania. We consider the European based offtake partners, ThyssenKrupp in particular, as a significant advantage, and view the intended level of production as prudent given current market dynamics. The Company has completed a bankable feasibility study (BFS) for its 100% owned Epanko Graphite Project indicating a positive economic scenario. In addition, KNL has concluded binding offtake agreements for a combined 30ktpa of graphite concentrate. With all permits granted, the remaining step is financing. We view KNL as making good progress towards development of Epanko and rate the stock a Speculative Buy with a price target of A$0.42/share"

Would expect next  KNL announcement involves details of mine funding.

Patterson's made this  comment: ​

"The relationship with ThyssenKrupp is a major advantage for KNL and, we expect, would be a significant advantage in discussions with financiers on project funding."


Cheers