Kibo Mining - Reverse takeover of coal and uranium projects looks like a transformational deal

Kibo Mining Reverse takeover of coal and uranium projects looks like a transformational deal Kibo Mining is a Tanzanian-focused multi-commodity exploration business with a large land holding position and interests projects prospective for coal, gold, nickel and uranium. The Rukwa Coal Project is a NI 43-101 compliant resource of 109Mt thermal coal resource with prospecting licences and applications cover 1,557 km² which provide the opportunity of expanding the current coal resource by further exploration effort. Kibo benefits from its long association in Tanzania which has allowed the company to put together a 18,000 km² portfolio of gold and nickel licences which is almost 10 times the current government's limits. Our valuation is based on just the coal and gold interests; and gives a target price of 2.9p. Click to Download Full Report Table: Financial overview Year to 30th Sep. 2010A 2010A 2011A 2012E Revenue (£000) 0 0 0 0 PBT (£000) (41) (475) (3,692) (1,200) EPS (p) (0.03) (0.23) (1.12) (0.40) Dividend (p) 0.00 0.00 0.00 0.00 Yield (%) 0.00 0.00 0.00 0.00 Speculative Buy Target price 2.9p Key data Price 1.88p 52 week high/low 3.00p / 1.38p Primary exchange AIM EPIC KIBO Shares in issue 1,122 m Market Cap £21.1m Sector Mining Valuation NAV / Share 1.14 p TNAV / Share 0.21 p Affiliations: None Important: All disclaimer information can be found on the last page of the document

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