Post by
mingzhu on Aug 01, 2017 9:37pm
KAT will trade at $5 in 2 years. Here is why:
"Katanga Mining updated that the mine will now ramp to 30,000tpa cobalt (previously 22,000tpa). Copper production to ramp to 300,000tpa." calculate how much it will make.
here is the article.
https://seekingalpha.com/article/4063861-update-katanga-mining
KAT produce 2 most important metal for EV
https://www.miningweekly.com/article/electric-vehicles-to-drive-copper-demand-over-next-decade-study-2017-06-13/rep_id:3650
Copper demand for electric cars to rise nine-fold by 2027:
https://www.reuters.com/article/us-copper-demand-electric-vehicles-idUSKBN1940PC
i would not be surprised if KAT trades at $5 in couple of yesrs.
Comment by
sanddevil on Aug 01, 2017 9:45pm
I would not be surprised either. Risk is now that the CAnadian Regulators may hault the stock or impose restrictions like they did on SNC Lavalin. Very unfortunate, KAT was on a roll
Comment by
mingzhu on Aug 01, 2017 10:02pm
your fear is absolutely unfounded. HCG was charged even by OSC, it did not hault it. the review is very mild justification of finacial statement, not serious matter at all. The today's market reaction tells all after second thought.
Comment by
wedgeman on Aug 01, 2017 11:59pm
That is very, very conservative ! In the last bull it was at 20$ +. I think we will see 5$ next summer, 2$ right at production start ! Wait after comissioning and you will see ! Dan