There is some good progress made bringing production nearest than ever before however not too excited until we have the next announcement of plant arrival. I expected they are cutting steel to build the processing plant but surprised to know it is on transit. The pictures in the report today shows a mobile screening machine, trucks,..
To bring up the production, big money will be spent. How much ore can $4m pay for? 20,000t at $200/t? And how many months they need to produce this, if full production by end of the year? Once $4m loan is paid with ore, the time between the next trance of money, will KAB get paid for their ore delivery? May be someone who has followed this stock long enough know more.
KAB Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
