Interesting to note, and thanks Kickit2me. What tin price were they using? I was looking at the March presentation from their website, but I do understand that they have had a recent resource update. CSD will do the same thing once they move to the next stage, with the potential to lock down further upgrades to their resource, like Ralph has hinted.
Still, with KAS's MC sitting at $65 million plus and CSD only at 12 million, it highlights the potential for CSD's re-rating, plus unlike KAS, CSD has a mill and will have cash-flow soon.
Ord Minnett's expectations of KAS in their September review wasn't that earth-shattering, so I guess I'll wait for KAS's next SPP before I buy into them. It will be interesting to see what price they will make it.
:-)
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