Thanks for the reply.
CMM gold recovery rate is 90% in recent Quarterly, well above KCN, aiming at 80% (although recent announcement said “up to 85%”).
Refining and royalty costs are massive- could settlement result in a reduction in these costs?
I will be watching the ASIC closely as we go forward (along with the head grade, recovery rates and stripping ratio).
Projecting 110k ounces pa at $1875 AUS for 9 years,
means $123M per year based on current gold price of $3000 AUS per ounce.
What is fair value here- $3-4 per share I would think….
Changing sentiment to hold (from none).
Thanks for the reply. CMM gold recovery rate is 90% in recent...
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Last
$1.36 |
Change
-0.115(7.82%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.44 | $1.35 | $982.0K | 708.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9303 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 24636 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |