"If KGL has good resources at Andash and Burnakura why wouldn't KGL focus on doubling gold production there more quickly? Given golds price (I think it will go above $2,000 this year) it seems that doubling production at Andash and Burnakura would be lower cost and yield greater cash flow earlier (vs Jervois). Just a thought."
Doubling of production at Andash is not justified.
The planned rates of production there will give around 6-6.5 years on reserves and more likely extend to 10 years with other ore sources added, namely zones 2 and 3 and very likely Atkash.
Doubling of production at Burnakura is highly likely as there is enough ore defined already to justify it and still have around 9 years of mine life.
That will likely wait though till after Andash is complete as that is the priority for available cash. I agree, the higher the gold price the more urgent doubling of production at Burnakura will become. Perhaps once its commissioned, management may consider debt on it to double production more quickly. It should only cost roughly $10mill. $50mill on Andash and $10mill on Burn should be covered by just 6 months od production after fully ramped so these are not risky debt levels.
- Forums
- ASX - By Stock
- KGL
- researching kgl
researching kgl, page-12
Featured News
Add KGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.7¢ |
Change
-0.008(7.62%) |
Mkt cap ! $62.86M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $28.09K | 288.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 357856 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 87703 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 357856 | 0.097 |
1 | 14434 | 0.096 |
3 | 60788 | 0.095 |
3 | 143233 | 0.094 |
2 | 30761 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 87703 | 1 |
0.105 | 70987 | 3 |
0.110 | 100000 | 1 |
0.115 | 105384 | 2 |
0.120 | 796648 | 8 |
Last trade - 15.55pm 14/11/2024 (20 minute delay) ? |
Featured News
KGL (ASX) Chart |