OTCPK:KATFF - Post by User
Comment by
Sogosohubidu201on May 17, 2019 12:17pm
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Post# 29755890
RE:RE:RE:1Q19 Results
RE:RE:RE:1Q19 ResultsThose large capital expenditures last two quarters and next two quarters were and are used to finally complete the major projects by the end of this year: i.e. cobalt debottle neck project, acid plant, Ion Exchange plant and the last part of hydro project. All these are aim for increasing production efficiency, reducing operating costs and removal of uranium residue in cobalt hydroxide. After the end of this year, only sustainable capital expenditures are required, which is around $200 millions per year as outlined in March 2018 technical report. KAT is getting close to the point of generating huge free cash flow from beginning of next year when KAT is able to export all its produced cobalt.