Regardless of the frustrations the facts of the matter are that it is now closer to succeeding and farthest from failing than at any other point since we started the build at Kor.
So let's have some fun...
200k at 2k is 400 million a year. Just getting an mcap equal to 1 years revenue is just over a 5 bagger. And a 1400 AISC on that gives us an EBIT of 120 million
Even a disastrous 150k and is 300 million and a 4 bagger on a 1 x times revenue basis. And on 1500 AISC on 150k is stil an EBIT of 75 million.
The biggest problem with a fuel delivery crisis is that you need to get fuel to refueling stations to fuel the fuel carriers. (Try saying that after a few drinks)
So the further you are away from the source of the fuel, the longer it will take to receive steady state supplies. I believe Kor is around 700km from Conakry.
Not a lot tbh SSS9 just confirmation of meeting out 2023 guidance.
Biggest news to come is Kor reaching commercial production and 2024 guidance. I suspect they'll guide for 2024 next week but with a caveat to update the market with revised numbers once Kor hits commercial production.
Personally Jammin, I think that's just part of the game. I called it wrong this time and incorrectly thought the placing would stick a floor under it.
However it's quite obviously a result of lack of interest rather than a bolt for the door given the volumes and market size.
For now, we just need to wait on more Kor news and a reason for people to be interested .
Lots of others to look at in the meantime whilst we wait. AAZ CEY and FRES all lool like they've turned a corner for now. Don't waste your time moaning in here in the meantime, there isn't enough people to convince for one.