I would think market prefers the ZAM model of benefication. Especially with the distance to market being a major cost.
ZAM have expressed willingness to accept ore from neighbours for benefication. If it ever gets off the ground, KAB would be foolish not to look into a tie-in with them imo.
I'm keen to see the convertible note gone. One way or another. $1mil is huge dilution at our market cap and it's just hanging over our heads. Ideally Noble could take up a shareholding inplace of Celtic.
KAB Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held