FFS...can anyone provide a rationale for how this stock withhow on earth there is an explanation of its price movements?
- the ore bodies it has,
- the plant it has,
- the present production of AU and AG it has,
- the production of 100,000-1200 oz of AU a year at even $3k an oz,
- the sovereignty risk more or less removed...
What is its innate worth and using industry-standard PE ratios....wtf is a fair price???
I know the market determines this (blah blah blah) but across the industry sector in producers with a given orebody, mine life, quantified ASIC etc and using the standard PE... what would be the price if were it NOT KCN?
One may argue a fine point here and there in how management should do this that or the other or raise issues with financing...fair enough...
But steadily over the period...ann after ann after ann is released, clearly demonstrating the company is moving steadily and reliably towards its mining objectives which it seems, in any other scenario would be reflected in a fair market price
But with each ann...the price drifts lower and lower
It. Just. Doesnt. Make. Any. Sense
Honestly...anyone have a rationale that makes sense?
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-35
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