Kibaran Resources (ASX: KNL) is one of our favourite graphite sector exposures. It has just received an independent valuation by CloudMiner that has calculated a pre-tax NPV of US$396m (A$515m) for its flagship Epanko project in Tanzania, up 55% on previous estimates. It has also received strong project funding interest. As a result, Kibaran’s share price has firmed solidly from a low of $0.13 during March to a closing price today of $0.24 - up 85%. The next key share price catalyst is the completion of the Epanko project Bankable Feasibility Study, due by the end of June 2015.
Please sign in to comment on this wire.