Yep...they can pay 20c a share divvy ar current gold prices. The Thais take 20% royalty on the excess over around aus$2000 per ounce. But with a company tax holiday plus some of that royalty flowing to the local community that's OK by me. So another aus$500 an ounce, which seems likely given that the gold bull run is the result of central bank accumulation , means another $400 x 110,0000 pa or divvy could go to of 35c pa. At $5 per share that's a 7% yield.
the upside is baked in subject to the usual disclaimers of operational and sovereign risk.
Ann: Green Light for Plant 1 at the Chatree Gold Mine, page-71
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Last
$1.53 |
Change
0.015(0.99%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.54 | $1.52 | $23.4K | 15.28K |
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| No. | Vol. | Price($) |
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| 6 | 24710 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 816 | 1 |
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| Last trade - 10.41am 31/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |