Well production seems well established. I attempted a crude analysis of gross copper sales revenue. On a steady state production as per this last announcement I estimate $26m revenue.
I think KBL warrants a upward rerating.
KBL analysis 12Dec11
first 3 shipments 2,707.0 3 weeks concentrate 902.3 Number of shipments pa 17.0 Concentrate shipment pa 15,339.7 contained copper at 25% 3,834.9 copper price $/ton $7,000.00 annual value $26,844,416.67 no of shares 166,702,510 earnings per share 0.161
KBL Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held