As of today's close, KIN's Enterprise Value sits at about AU$30 per resource ounce (taking the updated 945,000oz figure), as compared to an average for our peers around $50.
The 2019 PFS gave the (old 841,000oz) project an NPV on gold at $2,300/oz of $143.6M. Both the AU$ gold price and our resource ounces sit north of those figures now.
So we're still quite cheap on a number of metrics.
(The more so, considering the CGP is bountifully pregnant with that pipeline of results of the past couple of weeks.)
I think we probably would be vulnerable to other players taking a tilt were it not for the disproportion of high net worths on the registry - like Kerry Harmanis - who know the value here, and won't capitulate readily..
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Open | High | Low | Value | Volume |
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1 | 41818 | 0.055 |
1 | 10555 | 0.054 |
1 | 383484 | 0.053 |
2 | 53282 | 0.052 |
Price($) | Vol. | No. |
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0.058 | 249798 | 2 |
0.059 | 250000 | 1 |
0.060 | 115989 | 1 |
0.062 | 48000 | 1 |
0.064 | 59166 | 3 |
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