Post by
aweigh on Jan 02, 2015 12:17pm
Focus on the fundamentals and you'll realize
that this is a bargain. This will be spinning off .05 + per share in net profit per year, that's after tax and debt service/repayment and that is Kapulo alone.
The Dikulushi mine was the driver of this Co. until 2013 when it generated huge cash flow and profits but has since stopped mining the surface ore and is now going underground. The infastructure there is bought and paid for so if they can find a decent high grade pod at depth or find another ore body at surface somewhere within a 15 K radius that mine could start generating decent cash flow again and quite possibly double the profit potential. I believe they are currently drilling underground at Dikulushi and hitting some material in the range of 10 to 20 meters at 10% CU .
You don't need to find a lot of ore at 10 % to make this work. 100,000 tons @ 10% CU is worth $ 30 Million. That's a lot of extra dough for a little Co. like this.
You can justify buying the stock at .05 based on Kapulo being a tremendous cash cow all by itself but any success at Dikulushi and it get's exponentionally better !
The guys at Galena aren't stupid !
Comment by
supra48 on Jan 02, 2015 12:20pm
I own both MWE for Copper and MBC for potash,both TSX producing mines that are both going higher in 2015.