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3.92% 5.3¢ patronus resources limited

Ann: Kin accepts Genesis Offer for Dacian Shares, page-10

  1. Nowhere Man
    4,076 Posts.
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    18/10/23
    10:16
    Post #: 70400153

    I have to cop a mea culpa for yesterday's post. (https://hotcopper.com.au/posts/70381896/single)

    Struck me overnight my arithmetic, in all the excitement, was duff.

    In fact if you strip $24M from KIN's current market cap, the implied valuation on our 1.54Moz Resource at Cardinia is around AU$20/oz. (Yesterrday, I said $2/oz.)

    Sorry.

    Still leaves more than $3,000/oz change on the current Aussie gold price.



    KIN Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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