yes MC is way below what it can get to on current figures alone.
I noticed one junior on target to produce just over 18000 ounces per year and a MC if approx $100 million.
KIN has a target of 51000 ounces per annum and a MC of $34 million
My back of envelope calculations:
So, when in actual production very possible on 51000 ounces alone ( not including Comedy King etc) that we can reach a MC of $266million. Which equates to anything from 36c per share to 50c per share. Based on these valuations. IMO
If we move to over 75000 ounces per annum then different then possible to achieve 75c per share. IMO
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