march qtrly, page-16

So KF & Henty are not worth much atleast according to the market?

Market Cap is 51m and they have 40 million in the bank using the logic if they lost $10 million in the quarter mining gold it would come out of their 50m stash.

I am not trying to bash this stock, I'd like to know where things are going. If they lose another 10 million next quarter, how much will this stock be worth, just their cash in the bank?

KF is a failure, Henty I don't know much about, I thought it was suspicious, buying a burn't out mine. Infact KF is a burn't out place too, I can't remember the historic amount of gold extracted from Bendigo, something like 50 million ounces extracted.

The cash hoard is the only thing that keeps a floor under the price imho.