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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Mkt cap ! $104.6M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.6¢ | $28.09K | 287.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 54183 | 9.7¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 10526 | 0.095 |
1 | 100000 | 0.094 |
1 | 107000 | 0.093 |
1 | 6518 | 0.092 |
Price($) | Vol. | No. |
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0.100 | 96126 | 2 |
0.105 | 106753 | 1 |
0.110 | 1075865 | 7 |
0.115 | 297704 | 4 |
0.120 | 527971 | 5 |
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