Walter - My figures are just a guess based on a comparable transaction. The things I believe that could happen which could materially change these numbers:
1 - We hit something significant at Kasangasi, 1mt+ contained copper at 2.5%+
2 - We hit something significant at Kambudgi
3 - Copper price rally
4 - Competitive process
For what it’s worth the sense I get from my conversations with Tembo is they are also expecting a lot more than I.
My cost basis is around 19c and I first bought the stock early 2016. I typically turnaround exploration specs in 6-12 months so this has been a longer stay than usual. But I believed (and still do) that the properties have huge potential. Yet to be uncovered. And Kalongwe was worth the entry price anyway.
NZC Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
