The gold mined is worth $1.1 billion net. Thatβs already mined and comes with little risk. VS. mcap Β£5 mill. Positive news on rns - due in 2 days and this could >5 bag imo
β In accordance with the terms of the Agreement, the Initial Project Funding, together with all necessary regulatory and government approvals that may be required in order to form the JV, must be in place by 30 April 2020
Worked out the net profit to KAT with production ramp up. I make it Β£15 million per year profit (after costs) at this gold price for 35 years. We hear more in tomorrow or Thursday imo