Kodal Minerals Share Discussion Threads

[instig8tor] 01/10/2014 23:07

KODAL MINERALS KOD

See here the Norway geological survey and their findings for the newly acquired copper resource



COPPER INTERESTS

Note the 2.2m tons of ore, at 2-4% copper. Assuming 3% that is resource in the ground of $450m on what is already identified. Add the potential 1600m gossan extension x 450m adds a huge additional swathe of prospective mineralisation which on the same grounds would bring the total resource to about $1.25BILLION of value in the ground.

Market cap is THREE MILLION POUNDS at the moment with cash of £1.5m at the last results and low historic cash consumption.

This is just for the newly acquired copper interests. You have to add in the phosphate and iron ore too.

PHOSPHATE CONCENTRATE

There is a plan to produce 200,000 tonnes of phosphate concentrate per year for 15 years at least. This is 3m tons. 33% concentrate price priced around $200 per ton and this is 40% or more kodal will produce so $200 per ton is conservative.

That is total revenue of $600 MILLION from phosphate concentrate.

IRON ORE CONCENTRATE

Iron ore 62% production is planned at 650,000 tons each year at say $50 tonne low price is say ten million tonnes or $500 MILLION iron ore revenue over the 15 years

OVERALL

In total the copper, phosphate and iron ore values above come to $2.3 BILLION, or two thousand three hundred million if you are so minded.

To repeat the KODAL MINERALS MARKET CAP IS £3 MILLION WITH HALF THAT IN CASH AT LAST RESULTS


Crude analysis maybe but you can see why the broker targets are 3p and 4p before the recently acquired copper is factored in. Ten bagger potential.

[leebong] 01/10/2014 16:53

Kodal Resources have the potential of becoming a very profitable business for many years; benefiting from resources already discovered which all can be expanded due to new tech doing the initial exploring. One of the iron ore mines has a JORC Compliant certificate and it's resource maybe expanded from a thickness of 300 metres to a possible 800 metres. Plus there are seven other permits awarded being explored in the same area.

Once the most recent reports are published for the three commodities then the total mineralization resource for each deposit will be clarified. This is anticipated to be considerably higher as sighted by Berenberg who rated the business some months ago at 3.6p/ share before the copper mines were awarded.

So an upgrade of resource and share price is in the offering imo.

[siddle] 01/10/2014 15:50

Perhaps that is the reason such a small cap company managed to secure the services of the former CEO of the National Grid as Chairman here.

[leebong] 01/10/2014 15:31

It is worth people noting that the two copper mines have an estimated resource of high grade 63% purity copper measuring two million metric tons valued at $7000+USD/ Ton. One of the prospects also has a strike length running 1.6Km just below the surface before running underground. This aspect is being explored to finalise the total resource size.

This is a very interesting company who have considerable understated resources of copper, iron ore with a purity of about 48% with a large deposit of phosphate.

[siddle] 01/10/2014 12:40

Long term chart has finally bottomed and showing the first green shoots to recovery. Should see a nice move up over the next few weeks.

[siddle] 01/10/2014 12:05

Only £3 mill market cap operating in one of the safest places in the world and big name BoD. Multi bagger in the waiting.

[camelot101] 01/10/2014 09:49

About to takeoff imo.

[wildsheroo] 01/10/2014 09:09

It need some attention on twitter, I don't think if many people know it.

[instig8tor] 01/10/2014 08:26

Bought kodal.

It has your typical 5 Bagger potential

It just needs somebody to care.

Cash 1.5m, cap 2.8m, massive assets. Massive.

[ayub1] 30/9/2014 13:26

U mean sma

[dosser2] 30/9/2014 12:00

whats sam?

[shaktinicola] 30/9/2014 10:52

I came out of kod and into SAM now as it's bouncing again

[dosser2] 30/9/2014 08:50

Im waiting for a lower KLG price to get in but massive spread. MMs making a fortune!!

[wildsheroo] 30/9/2014 08:34

Me too, but not a big one!!! Got my price wrong this morning but expecting to sell it around 6p!!!

[datait] 30/9/2014 08:33

I think there will be further dilution here soon every 3-4 months they will raise money. Will stay on the side lines for now.

[shaktinicola] 30/9/2014 08:32

Dosser and wild I'm having a little punt again on KLG today. Still got plenty of interest

[wildsheroo] 30/9/2014 08:30

Some buys are being reported as sell, KOD needs little attention.

[shaktinicola] 30/9/2014 08:28

Got in at. 41

[shaktinicola] 30/9/2014 08:22

Yes I bought in both. I have a good mentor :)

[dosser2] 30/9/2014 08:21

Get a good price? Hope you bought UJO? 10%up this morning. No one will be dumping that till 1p

[dosser2] 30/9/2014 08:11

Are you in shak?

[shaktinicola] 29/9/2014 22:49

You have done some fair old research siddle

[siddle] 29/9/2014 22:42

Have a read of these projected figures from Kodal and it will make you wonder how the share price has got to this level. I realise it's a fairly new company and perhaps it's well under the radar.. Phenomenal upside here from this level.Throughput – 1.6mtpa220,000tpa of 41.8% phosphate P2O5 worth $41.8m – $26.4m assuming $190/t (expected price) – $120/t (price for low quality phosphate)660,000tpa of 62.5% iron concentrate worth $39.6mpa at $60/t at local port.By product magnetite iron ore for sale into China. Potential to add value to the base case iron ore priceDCF $327m on pre-capex on the $190/t price for higher grade phosphate according to management estimate.Kodal was drilled by Norsk Hydro with verification drilling done by Kodal to show a 1.9Km length deposit of 20m thickness

[shaktinicola] 29/9/2014 22:41

Funnily enough dosser I have Shell and bored of watching it up and down 1%