Downside, you are living up to your name!
I think Merrill's report is at odds with other analysts who have been following KCN for some time.
You are probably aware that KCN is in the 25% quartile of the worlds lowest cost gold producers.
Based on known reserves, the mine has a 12 year plus life with a free cash flow of $80-100 million a year.
KCN management is confident the mine life will be extended with new discoveries over the next few years in the ' Golden Triangle' of Thailand.
Eagle Research which has been following KCN for 8+ years has a valuation of 'over $15 a share'.
The doubling of the processing plant capacity next year will also positively impact on the share price.
anyone else feeling linched?, page-9
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Last
$1.28 |
Change
0.000(0.00%) |
Mkt cap ! $329.9M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.25 | $330.4K | 258.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1544 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 1545 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |