HERE WE GO Grasshoppers !
Current Scorecard producing @ 770 ounces of Gold a week from Plant #2 using 0.46 stockpiled crap :
Future outlook using high grade Quartz lease etc,etc:
- 1,540 ounces a week from Plant #2 using 0.92 gpt -> 52 weeks in 2024 = 80,080 ounces from just this plant
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Old Plant #1 : Let's Assume that the older plant, Plant #1, rated at 2.3 million tonnes per year , only processes at nameplate and doesn't exceed like newer plant #2 is currently exceeding nameplate easily & doing 3.4 mtpa ( rated at 2.7 mtpa)
That would be about 300 tonnes per hour processing compared to Plant #2 currently processing 400 tonnes, or 75%
75 % of 770 ounces would be the equivalent of producing 570 ounces a week using current stockpiles crap.
- 1,140 ounces a week from Plant #1 using 0.92 gpt --> 52 weeks in 2024 = 59,280 ounces from older plant #1
Conclusion:
Processing 0.92 gpt next year should give us 80,080 + 59,280 = 139,360 ounces of GOLD ! GOLD GOLD !
So........ Old Fox Ross the Boss only needs to find 0.92 gpt ore and he is going to blow the 110,000-120,000 forecast away !
So......... Old Fox Ross the Boss only needs to crank old plant #1 above nameplate and it's going to blow the forecast away.
If they find anything above 0.92 gpt then KCN is going to go Silly ! Silly, Mad, Crazy insane to +$3 just like my African lady TIE did.
Do you see why i've been so critical of them wasting money these past 6 months on all the bull$it is because we have an unbelievable opportunity in-front of us and blowing anything other than a small buyback to reduce placement disaster dilution is total insanity !
I'll be positive going forward, i'm not sure if they listened, but i tried my best !
PS:
I don't think we want them having a Bank loan , otherwise the Thai Chatree Daily fun festival carnival might just take there partying to another level and burn even more..... Just Like giving your wife the credit card & she will always find some rubbish to buy.
Never forget, a 30c dividend will only cost them $77 million to pay, or about 77,000 ounces of Gold at current prices / profit margin !![]()
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HERE WE GO Grasshoppers ! Current Scorecard producing @ 770...
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