yes, great interview ...you get the feeling it's not going be if but when KRM discover something large enough for BHP to throw major capital to take to pre-DFS..
BHP's $20mill this year to look for targets on permits that are non-core to KRM Geo work
The goal is to uncover a massive sulfide signature.
Next year exploration drill-ready targets with BHP funding ...in the earn-in phase where targets that BHP like will have to fund another A$56mill per target to secure 75% control .... each target (he's hoping KRM guys find more than one target of BHP scale)
Fabian - confident in "Penikat" in becoming 5MOz to 10MOz High-grade PGM discovery
like "Rana" Ni/Cu/Co these projects are 100% KRMs (Maybe BHP might be keen in time?)
so this is what makes me want to continue to add to my position ...
KRM closing value is A$37mill
they have least A$26mill in cash so that gives us an E/V of $11mill
Now if you believe in the Penikat PGM very high-grade discovery using peer low-grade PGM discoveries Mktcaps that E/V is fair value for Penikat at present
So then Zero value for RANA ....
Zero value for the $20mill of BHP funds this year to uncover drill targets
Zero value for upside of GEO work uncovering large targets
...Zero forward value for BHP $56mill per target to take to 75%
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yes, great interview ...you get the feeling it's not going be if...
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Last
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $27.84M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.6¢ | $20.47K | 546.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 149999 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 1000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.037 |
1 | 122444 | 0.036 |
2 | 335714 | 0.035 |
1 | 500000 | 0.034 |
2 | 650000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 1000000 | 1 |
0.040 | 147598 | 2 |
0.041 | 200000 | 1 |
0.043 | 159999 | 1 |
0.044 | 300000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
KRM (ASX) Chart |
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