Here are the numbers. It isn't hard to work out.Market Cap $50m...

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Chiller

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22/12/20

09:15

Post #: 49745581
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Originally posted by Chiller: ↑

Wouldn't be hard, and it wouldn't take long to get a mine going either. Much quicker than some have suggested. You will recall that approximately 58 tonnes of Agbaja iron ore was delivered to Mintek for testwork back in 2018, it took the PW group no time to mine the ore for the company. It did sit around on the docks for about 2 months but that is because someone forgot to put in the paperwork to get it moving to South Africa for testing. It is easy to dig up, it is easy to transport, 10-20% discount on the IO price for our 41.3% FE, 2-3bt of resource easy to dig up. Sell 100,000 tonnes and at 20% discount the company receives 14mUSD, sure there are costs to come out but it generate enough cash to progress the BFS without further dilution and the sp would be a lot higher than it is now.

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Here are the numbers. It isn't hard to work out.

Market Cap $50m AU: SP 5.9c
Market Cap $100m AU: SP 11.5c
Market Cap $150m AU: SP 17.5c
Market Cap $200m AU: SP 23.5c

1 Million tonnes of IO at 20% discount is 140 Million USD

Kogi Iron has 586.3 Million tonnes of IO inferred and indicated.

The whole plateau is believed to be 2-3 Billion tonnes, and up to 7 Billion tonnes of IO

Our current market cap is 22m AUD, it won't stay this way for too much longer.

Last edited by Chiller: 22/12/20

KFE Price at posting: 2.6¢ Sentiment: None Disclosure: Held
12 Upvote

3 Great analysis

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