TIE is a single new mine (July 23) out of Ivory Coast. I realise...

TIE is a single new mine (July 23) out of Ivory Coast. I realise we were effectively thrown out Thailand a few years ago - but we now see the value of a TAFTA agreement, where I believe West Africa has a higher risk factored in.

I would argue that EMR better guidepost. EMR produce in Cambodia (neighbouring country) the same 110k annual, but a slightly lower AISC. Not sure of their royalty or tax holiday status.

KCN has much larger potential for multiple mines/processing plants throughout Thailand

EMR have a current market cap of $1.58B and KCN is $291M, so making a KCN valuation of $6.

We will get a low-bid takeover offer by EMR (their chairman already owns 2M shares of KCN), the Chinese or a Thai bidder/consortium.

I was hoping for a long-term cash cow, but do believe the share is being manipulated down for an obvious reason. I'm expecting an offer of $2 soon.

We can't blame management for a languishing share price, as every piece of good news they have put out has pushed us down further.