Now I know why the $1.23 target price! didn''tNow I know why the $1.23 target price! didn't take in for their Australian holdings, Uranium/Gold/Copper
My math isn't the best but this looks great. If they mill 40 million lb a year that would bring in $135,200,000 with a 20 year life. And with cash flow like that it would help them expand their other properties or make acquisitions. I'm not sure what % they own on this but again for a .065 stock it seems undervalued.
$1.23 TARGET AND IT SELLS $0.06!!!!!!!!!!!
Click here for TARGET!!!!!!
https://www.simberimining.com/_resources/khandaker_research_report.pdf
THIS TRADES AT .06?
https://www.stockhouse.ca/bullboards/viewmessage.asp?no=15018919&t=0&all=0&TableID=0
Kakanda Resources Tonnes
Hard Rock (Inferred) 11.3 tons (mm)
Contained Copper 809.4 (million lbs) 3.25 Cu%
Contained Cobalt 49.8 (million lbs) 0.20 Co%
I guess with copper prices gaining this could be a great buying opportunity, Plus having the government backing mining again in Congo Africa is exactly what SAU needs. The company is in good condition with a lot of cash and a target price of $1.23 by khandaker. Also when you have U.S. major Phelps Dodge, recently purchased by Freeport-McMoRan Copper & Gold Inc, investing $650 million in its Tenke Fungureme project in Katanga is a real vote of confidence.
Solid insider activity https://www.canadianinsider.com/coReport/allTransactions.php?ticker=SAU
NewsBlast Sign-Up
StockHouse NewsBlast: Receive company sponsored news and information via email.