Bullboard - Stock Discussion Forum 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.

Add To Watchlist

OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > 1q Production and average prices

View:

Post by Katanguero on Apr 30, 2019 8:35am

1q Production and average prices

From the Glencore report. Average comodity prices: Copper price $/t: 6.221 Metal Bulletin Cobalt price 99,3% $/lb: 16 If these are the sales prices of copper production, the revenue from copper would be CAD 480 million. In case of being able to sell the 3,511 tons of cobalt, the revenue would be CAD 167 million. CAD 0,33 per share in just one quarter. Annualizing those numbers, the revenue per share would reach CAD 1.35 per share. Is the calcule correct? The process of rump up and completion of updates, plus the ionic system exchanges, are accompanied by cost reduction. We will have to see in the future what margin of profit is achieved ... the starting point revenue is high. I hold and wait lower prices.

115