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Message: How robust are the Economics of the Kakanda project?

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How robust are the Economics of the Kakanda project?

posted on Mar 14, 08 08:58AM

There are 18.4 million tonnes of ore averaging 1.22% Copper, and 0.15% Cobalt. At today's prices for these metals, each tonne of this resource contains a value of about $275.00 in copper and cobalt combined! That's over $5.0 billion in contained metal, 51% of which is Simbery's share of the resource! That represents even at a 90% discount to account for all costs involved in processing this ore, and other related costs, of $1.53 for every share of Simberi. So, would I say that this company is undervalued? What do you think?

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