Speculation on Kakanda mineSimberi is a very interesting copper/cobalt play in Africa. Simberi's main property is the Kakanda Copper-Cobalt project in the Democratic Republic of Congo, a world class copper/cobalt deposit in the Central African Copper Belt.
Recently it was announced that Khandaker is initiating coverage on the company, fueling speculation that this Kakanda mine may indeed come to fruition. The project has massive resources.
| Resources |
Tonnes
(mm) |
Cu% |
Co% |
Contained Copper
(million lbs) |
Contained
Cobalt
(million lbs) |
Tailings
(Indicated) |
18.4 |
1.22 |
0.15 |
494.7 |
60.8 |
Hard Rock
(Inferred) |
11.3 |
3.25 |
0.20 |
809.4 |
49.8 |
Khandaker Partners Research Report: $1.23 12 Month Price Target
https://www.simberimining.com/_resources/khandaker_research_report.pdf