When they get the mining leases and / or selldown sorted this stock should soar. Obvious takeover target to US gold producers.
Attractive on these metrics, all of which are coveted:
- Growth from exploration. While everyone goes on about their growth, world production is basically flat. Majors want growth. KCN provides it. 150 koz in '06. 350 koz in '08.
- Low costs - KCN about US$220-250 per oz. Bottom quartile.
- PE. FY'06 EPS of 19.3c despite agressively delivering into hedges. With production expansion it is easy to see EPS of about 40c in '08 (100% basis).
Smart investors are wising up that gold stocks are a VERY mixed bag. The operating leverage often isn't there because of hedging and costs. Also, very few have a history of decent EPS growth. The exploration upside seems to be the key.
Does anyone know what KCN will do with the divestment proceeds?
I dont hold KCN but am considering buying some.
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Last
$1.38 |
Change
0.050(3.76%) |
Mkt cap ! $355.6M |
Open | High | Low | Value | Volume |
$1.34 | $1.39 | $1.34 | $311.6K | 228.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3062 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.38 | 1293 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3062 | 1.355 |
4 | 32644 | 1.350 |
2 | 3717 | 1.345 |
1 | 718 | 1.340 |
1 | 749 | 1.335 |
Price($) | Vol. | No. |
---|---|---|
1.380 | 1293 | 2 |
1.385 | 3049 | 1 |
1.390 | 10256 | 2 |
1.395 | 3000 | 1 |
1.400 | 20000 | 1 |
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