Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Entrepreneurial mining investment minnow Metal Tiger (MTR) is drawing comfort from one of its investee companies, fellow AIM counter Kibo Mining, which has reported an upbeat pre-feasibility study on its Mbeya coal-to-power project in the East African state of Tanzania. According to Kibo, the study suggests Mbeya could achieve annual revenues of $48 million (£30.8 million), with a profit margin of $24 to $27 million a year, and bring payback in between 2.6 to 3.65 years, for a capital outlay of between $38 and $73 million, according to which development route the company decides to take.
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Comments
wildrides
Why bother ……………just cut out the middle man and invest in the companies direct . Metal Tiger is a piece of parasitic director lifestyle shite , taking a slice of your profits . The world and his auntie have started mining tungsten so forget that dream boat until there is blood on the industry carpet . Barge pole.