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349

08/08/18

19:22

Post #: 34813599
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Originally posted by 1912 ↑

Some facts.

* KAS has a current market cap of Aus$14m and owns 75% of the ACHMMACH project.

* Our 25% Japanese J/V partners paid some Aus$25m (not sure whether it was US$) for their 25% share some time ago.

* $90m has been spent over a 10 year period to prove up the resource - again not sure if this was US$.

* The DFS has just been completed and confirmed the project to be a GOER.

* The project is designed to produce tin @ 4,500tpa

* All up production costs have been determined to be US$10k per tonne - so even assuming the end tin sale price of say US$19k per tonne - (the DFS assumes US$21k) there is a margin of US$42.75m = Aus$57m pa

* Management has recently been instructed to now seek out the best finance package, the best off take package/s and a contractor to develop the project for production to commence in 2020.

With all of this in mind it suggests to me the current share price should be well in excess of 1.2c (market cap of Aus$14m) as it is at present ??

Does anyone have a view on this please ?

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Everyone is waiting for the finance deal and perhaps the off-take deal - I am!
And I also think that people do not understand the funding structure and Tin future demand.
Tin only needs to move little to $22k-$26k/t and this project will be making much much more.

1.2c is a joke but things will change.

KAS Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
9 Upvote

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Tin for tomorrow, page-4

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