Katanga Mining Ltd Ord KATFF

Katanga Mining C1 Cost vs China Molybdenum TFM C1 Cost

[Sogosohubidu201]

In China Molybdenum Q1 earning report, its DRC TFM copper/cobalt mine produced 4.8k tons of cobalt and 39k tons of copper with C1 cost -$1.96 USD per pound of copper (C1 negative $1.96 per pound). TFM C1 cost is interesting and can be used as the reference for Katanga Mining C1 cost. Since cobalt content of Katanga KCC cobalt mine is about 0.52% vs 0.28% cobalt in TFM mine while copper content of KAT mine is also higher, it can be confident to say C1 cost of Katanga Mining is even much lower than TFM C1 cost after full production in 2019 and going forward. In fact Katanga KCC mine has the highest cobalt grade among the largest cobalt mines in the world: Mutanda, Tenke Fungurume (TFM), Kamoto (KCC), Clarion-Clipperton, etc. The earning and cashflow of Katanga Mining will be huge at full production next year.

 

[EVworld]

Thank you for the valuable piece of information "Katanga KCC cobalt mine is about 0.52% vs 0.28% cobalt in TFM mine while copper content of KAT mine is also higher".   The current P/E for China Molybdenum is 34.  What would be the SP of Katanga in the near future?   Do your math, folks.

[EVworld]

Correction - PE of  Chian Molybdenum (CMCLF) is "41.25".  Sorry about that