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..
KIN Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
