CKA 1.56% 6.3¢ cokal limited

CKA going forward

  1. 6,444 Posts.
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    Hello All,
    Could we please reserve this thread to CKA forward fundamentals & likely future share price.
    Other threads have ample room for those with rear view mirrors.

    Let's begin with the NPV of 51c/share . (Mkt Cap of $347 mil)
    How can the share price get there and how long will it take?

    We have:
    -266 m/t of high quality PCI
    -cash running low
    -debt converted to production royalties
    -strip ratio of about 5:1
    -COP high now due to low production levels but expected to stabilise later at about $70 USD/ton.
    -PCI worth about $130 USD FOB
    -initial production 8K t/mo
    -production later 50K t/mo
    -other tenements at early stages of exploration/development

    IMO: We should see a 40c share price by 2021
    In the interim (IMO) we should see the share price moving upwards with production milestones and corresponding sales , so my shot at it is:
    July 2018.............10c
    Jan 2019..............15c
    July 2019.............20c
    Jan 2020..............25c
    July 2020.............30c
    Jan 2021...............35c
    July 2021..............40c

    Re 51c/share............your guess is as good as mine!

    All of this is IMO only and the thread is meant encourage conversations on CKA looking forward rather than looking backwards.

    Cheers
    MM
 
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