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KOR - Korab Resources

Discussion in 'Stocks I-P' started by Epsilon, Sep 19, 2005.

  1. craigj

    craigj

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    great ann. this week permit to mine the rock phosphate in the NT

    very easy mining to dig it out and bag it up

    used as a cheap fertilizer

    close to infrastructure

    market cap 4 million

    dual listed in berlin

    also has a large gold deposit in ukraine

    looks super cheap at these prices
     
  2. greggles

    greggles I'll be back!

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    Korab Resources has climbed 38.24% to 4.7c today after some good news regarding the pre-feasibility study to develop its Winchester magnetite deposit as a direct shipping ore (DSO) operation.

    The bottom line is:
    • 12 year quarry life
    • 12.2 million tonnes of magnesium carbonate rock
    • Project CapEx of $2.4 to $2.5 million
    • Projected Free Cash Flow of approximately $434 million
    The economics of the project seem pretty robust. If everything goes to plan and the various assumptions, such as exchange rates and market prices for magnetite, remain within reasonable ranges, Winchester looks like a very profitable operation for KOR.
     
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