STTCOMP KRM FA LONGKRM closed at 5.2 and have entered today.Key...

STTCOMP KRM FA LONG
KRM closed at 5.2 and have entered today.

Key points

• BHP partnership with basically the whole project being sole funded by BHP in Finland and Norway (and can effectively spend up to 87$ million to fund this)
• ~26$ million in cash in last quarterly, putting the EV of KRM at 12.5$ million MC.
• No dilution anytime soon, excess of cash from the company suggests that they have 16 quarters of funding.
• Penikat project is untouched, they still own 100%

Pullback today was good for many people looking to enter, this should not go below 4.5 cents, would put the EV at a price near <$5 M MC.
Especially after the BHP alliance deal this week, this is looking like a long term hold for me.