Edison update7 Dec 2022 14:46
New update
hxxps://www.edisongroup.com/publication/counting-down-to-production-2/31750/
Investors buying Jibal Qutman and Hawiah for free?
In our report Gold stars and black holes, we calculated mean enterprise values of 30.9% and 11.7% of project NPV for companies with projects at the DFS stage and the PEA stage of development, respectively. Applying these percentages to KEFI’s projects suggests a pre-funding valuation for KEFI of 0.794p/share based on Tulu Kapi alone, but one of 1.288p/share based on KEFI’s trio of projects.