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 > Cobalt demand in batteries increased by 10k tonnes per year

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Comment by Sogosohubidu201on Feb 27, 2020 10:09am

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Post# 30740334

RE:RE:RE:Cobalt demand in batteries increased by 10k tonnes per year

If you can wait until the end of this year or next year, you may see $0.3-0.4 share price. KAT is about to see big turn around in terms of financial performance since the company will be able to sell more cobalt than it would produce this year (more than 29,000 tonnes of cobalt). Cobalt price is also increasing. These together with cost saving from self producing acid, will generate very good earning from Q3 this year. for PE multiple of 20, $0.3-0.4 may be achievable by the end of this year or early next year.

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