I'm not saying mine Misima.....I'm saying it may be worth getting it to a point of a walk in/walk out sale.
Gold is on the ground (it's not going away) and permits are close to done.....gold will go up at some point (it's inevitable) and for a major with some cash in their back pocket Misima may be attractive as a buy and put in moth balls for a few years.
I think there is no doubt we will realise the investment made in Misima with a sale at some point in the near future. Will we get $150m..... very unlikely. Will we get $50-$100m.....i think it possible.
KSN isn't in a position to mine Misima for a variety of reasons. A big player is and the site is a cheap future investment for them I think.
Ann: Appendix 5B Cash Flow Report, page-6
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Last
8.2¢ |
Change
-0.001(1.20%) |
Mkt cap ! $57.98M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.4¢ | 8.2¢ | $85.10K | 1.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 214490 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 347246 | 1 |
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| Last trade - 15.50pm 15/10/2024 (20 minute delay) ? |
| KSN (ASX) Chart |