Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > The real numbers behind KAT revealed

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Comment by Lech1988on Apr 30, 2019 4:35am

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RE:The real numbers behind KAT revealed

From the PR it does sound like they are going to build the Ion plant and they are already ordering long lead items. So right now we have a 9-12 month time frame for the construction of the plant which doesn't even have building permission or a feasibility study completed yet. We are likely minimum 1.5-years out before any Cobalt is exported in meaningful size. Hold this one for the long term gentlemen this stock isn't going anywhere soon. And they are lowering guidance for full year Copper and Cobalt production. All in all pretty dire.

Only upside is I think we have firmly established a floor on Cobalt prices for the time being.

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