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tobiasroy

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02/06/20

13:59

Post #: 44985100
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Originally posted by Nowhere Man: ↑

G'day Tobias, well I'd say continuing upwards.

Here's the case I have already made:

https://hotcopper.com.au/posts/44892205/single

I'm hesitant to reference Rumsfeld, but just on the basis of the "known-knowns", KIN is signifiicantly undervalued, for the reasons given above.

In the current gold environment, the 2019 PFS numbers look pretty damn good, and are still a country mile from being baked into the share price.

There are also "known-unknowns" that in this case are likely to be extremely positive.

The actual impact of the inclusion of an extra 103,000oz into the 2019 PFS calculations, and the highly likely inclusion of many thousands more ounces as a result of all the recent successful drilling.

Still more drilling results are pending.

And you should understand that the broad, shallow, often higher-grade, close-proximity ounces that are being found, quite beyond their intrinsic value, are ultimately likely to have a significant beneficial impact on the overall Project economics. They're great in themselves, but they also 'magic' the mix. KIN already has a lot of honest, bread & butter, baseload feedstock for a mill. But higher-grade ore, particularly in the early stages of production can comprehensively de-risk the project - by shortening the payback period, for example, of finance needed for start-up, and dramatically and favourably changing the other Project metrics.

So there's more potential upside there, as results are reported, numbers crunched, analysis reported and ounces integrated.

As far as complete "ünknowns" go, refer to Seth Davis' early post on the potential of the Cardinia ground below 75m:

https://hotcopper.com.au/posts/44599366/single

Or my own: https://hotcopper.com.au/posts/44864332/single; https://hotcopper.com.au/posts/44864477/single

Some of us, like Orga and I think Roo Bendigo, Coal Boy and me, think this could end up being a massive system ...and who knows where that'd take us.

Of course, all the usual caveats apply.

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Thanks for the in depth view and confidence Man definitely agree with your analysis and l have been encouraged by the recent drill results and hopefully even more so in the near future although a way to go to be square with this .My fingers r crossed this might be the one and only goal in life that goes straight between the sticks eventually . Bought in at 27.5 and have averaged down a bit to an average just below 20cts but gunna stay for the ride and might even get off with a smile on my dial one day

KIN Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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