What I think is so attractive about the KIN story - something the RRS article conveys, but which management perhaps hasn't really emphasised to date -is that the existing LGP (which may itself be only the tip of an iceberg) is only a starting point, a springboard for the Company's wider ambitions in the district.
Being practically-minded, and already occupied with a sizable enough project (in the Navigator legacy) for such a modest crew, the next layers haven't really been peeled back - though I guess we get a flavour of what may be in store from the pyramidal structure of this slide from the recent Presentation (p.12):
Key to it all is the cash flows the LGP will begin generating from next year. Then the hunt will be truly on for the at-depth potential of the Mertondale, and out along the Gwalia.
Robbie Burns reminded us that 'the best laid schemes o' mice an' men gang aft agley' - but these careful, canny blokes have been pulling rabbits out of the hat from day one with KIN ...and it's hard to see that pattern not continuing.
KIN Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held