They have not started mining. Money is a problem.
There are drill riggs being delivered sometime in October to drill the quarts lease. Only after that will they know what is pay dirt, what is low grade, what is overburden and to be used as tailings walls. Very, very slow going.
On the upside, there is higher grade on the way down in the quartz lease but this does not help the SP. Only a loan an buy back can do that.
It is 5 months off.
They have not started mining. Money is a problem.There are drill...
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Last
$1.63 |
Change
-0.055(3.27%) |
Mkt cap ! $418.8M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.63 | $376.3K | 229.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10338 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 51400 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |