RE: Target price of $1.23 might be realityTHIS TRADES AT .06?
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
https://www.simberimining.com/_resources/khandaker_research_report.pdf