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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.


OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord > Essential reading
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Comment by Sogosohubidu201on Sep 20, 2019 11:20am
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Post# 30147901

RE:RE:RE:RE:Essential reading

RE:RE:RE:RE:Essential readingKAT mine NPV at $17.18 billions includes sunk costs of probably around $9.5 billions based on the previous KCC debts. So if Chinese is willing to offer: $17.18 + $9.5 = $26.68 billions USD, I am sure that Glencore will take the offer for sure.  The same goes for ERG that ERG asks for $7 - $8 billions USD although ERG mine has a NPV of $4.88 billions becasue ERG wants to recover its sunk costs plus some profits.  At that price, that is about $10 Canadian dollars per share for minority shareholders after paying off all the debts and Gecamine. Everybody will be happy. But I doubt it that any Chinese company is willing to offer this kind of price. It is possible though that Glencore may sell a portion of the company (say 20-30%) to Chinese.
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