Katanga Mining Ltd Ord KATFF

RE:Q2 is out: Robust growth in Cu & Co production

[topdop]

We have yet to see KAT's own Financials reported, but if you look at last night's First Quantum numbers, they give us a clue: "Unit cost of Cu production: All-in sustaining cost ("AISC") = $1.76 per pound; Cash cost ("C1") = $1.28 per pound; Total cost ("C3") = $2.11 per pound."

Great C1 there for sure. Now I don't think we're likely to see our C1 still under $2 per pound yet as commissioning and ramp-up continue, as well, not all de-bottlenecking (optimizations) are complete nor do we have H₂SO₄ credits yet.

But with all that to copme, anyway you look at it, we'll be making gobs of cash in steady-state production circa 2019... just one year from now.

These are my views only. Thanks for reading.