RE: Growth Predictions7 Sep 2024 09:33
In theory our project is pretty much de risked. This is extremely rare for junior miners especially as we have more exploration funds on top of the DMS cost. I agree that 2p plus may be achievable especially if we add to the MRE, plus 350k oz of gold historic MRE which isn’t even accounted for in our share price (at historic highs for gold price now too).
We also have to remember we are one of the lowest cost producers so can operate in low price environments when others simply can’t as they sell at a loss.
On the negative side there may be capital gains tax rises coming up which may mean some selling. But we just don’t now, this may not happen.
Looking at other miners, massive rises can happen eg solg, ggp, wildcat as well as massive falls!
I think that Hainan may swoop and make an offer for kod before the floatation plant comes on. But no guarantee of course. Personally I’d prefer a buyout at a decent 2p plus price as that takes out the uncertainty of knowing when to sell. No doubt many others here sold other shares just at the start of a meteoric rise and are kicking themselves. It’s impossible to buy at the bottom and sell at the top, anyone who says they do that is talking rubbish. All about having your own exit price, be it 0.7, 1, 2, 3p etc. that’s up to you to make a call. But it’s so clear we are massively undervalued. When the floatation plant comes along we should be a £500m plus market cap company, then adding in gold etc can be higher.
I don’t think the lithium price will rise much, I think for the next few years probably hovering around $1k per ton. That’s break even for many whereas we will still be making decent money.
Hope that helps!
Cheers
El C
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