KCN 1.21% $1.68 kingsgate consolidated limited.

Was WESTOZ the seller of the 12,000,000 today ?, page-3

  1. 277 Posts.
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    Just so we are all on the same page, I’ve said numerous times that the minimum intrinsic value should be the TAFTA award, so $4.50 per share.
    Discussion with the Brains Trust who have significantly more experience than me in investment in gold companies over the past 40 years say that the quartz lease is the key. Chatree has an average grade of 1.6g/t of gold from the ore. The quartz lease could easily be above 10g/t, and possibly well above. As comparison, Fosterville out of Bendigo is Australia’s richest gold mine, is a quartz system and has g/t grade in the mid 30s. (32-38g/t with assays up to 60g/t!). So a number like 10g/t isn’t out of the question. It’s quite probable. So a double digit SP might also not be that far fetched.
    If it happens, a takeover offer isn’t being made out of the goodness of their heart. Is the company poorly run, the BoD not doing a good job and aren’t trustworthy?
    They want your ticket to LG’s jacuzzi party. Don’t sell it to them under $4.50!
 
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