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Katanga Mining Ltd Ord KATFF

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

Comment by Lech1988on Sep 23, 2019 5:15am
243 Views
Post# 30153827

RE:RE:RE:RE:RE:RE:RE:RE:RE:Essential reading

RE:RE:RE:RE:RE:RE:RE:RE:RE:Essential reading
I hope you are right but those numbers just seem very optimistic.  A 12 CAD share price would value KAT at $17b - for comparison Glencore’s market cap is $41b and First Quantum’s current market cap is $6.3b.  I find very hard to believe one mine in the world’s riskiest mining jurisdiction could be worth 40% of Glencore or almost 3x First Quantum (currently Africa’s largest Copper miner).  I am sure your methodology has merit but you might be missing something here (maybe the 50% “super profit” tax?)       
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