That would be awesome and not an outrageous idea.. it depends how you value KCN... could be extremely undervalued and if someone was bullish on gold price remaining above US$2000/oz.. Quartz gets us at least 10 years on mine life at 200Koz pa production. We got rough idea of refurb capex.. first pour before end of CY22 for Mill #2... First pour on mill #1 on low grade ore stockpile.. likely to be sooner. The only thing in doubt is AISC cost being around US$1,000/oz.. i think it will be slightly higher.. as third party has to refine the gold.. until KCN is able to refurb the furnace... which I thinking about 1 year lead time.
Just broke $1.55 resistance and there was lot shares traded to break through it.
General discussion, page-407
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Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |