OTCPK:KATFF - Post by User
Comment by
Sogosohubidu201on Feb 22, 2019 11:26am
206 Views
Post# 29399840
RE:Obtain Approval for Ion Exchange by March 11, 2019
RE:Obtain Approval for Ion Exchange by March 11, 2019Copper price is up 1.55% today so far at $6,480 USD. Using the current copper price of $6,480 USD, the cash deficit estimated by the company using low copper price of $5,850 USD would be reduced by $180 millionn USD. With continue rising in copper price, the cash deficit may be reduced to $200 - $250 millions.
$200 - $250 millions cash deficit and less than 8 months away, we will have a fully operational mine and production facility generating salable copper and cobalt products. Acid facility alone will reduce the operational expendures by $150 millions USD per year. There arev a lot of low hangling fruits that KAT can optimize the process and reduce the operational expenses. We also have 58k tons of cobalt to sell by the end of next year, that is $2 billions USD extra revenue at today's MB cobalt price and pure profit and free cash flow after loyalty and tax. With continuing rising in copper price and recovery in cobalt price, KAT will be very profitable company entering next year.
It is worth waiting for the next 8-10 months.