OTCPK:KATFF - Post by User
Comment by
Lech1988on Sep 23, 2019 5:15am
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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?)