KIN 3.64% 5.7¢ kin mining nl

Ann: High-Grade Zones of Mineralisation Confirmed at CGP, page-19

  1. 4,050 Posts.
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    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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