The way the latest announcement was presented is pathetic .KGL...

The way the latest announcement was presented is pathetic .KGL desperately needs an investor relations/PR person
to prepare the announcements as they don't have a clue!
I had to go back searching for the initial Bellbird resource estimate and then the feasibility study results to work out the significance .
This should have been presented
My take on this is that they now have more than 2 years life in the open cuts at a mining and treatment rate of 2 MTPA.
At current metal prices and assuming they get paid 70 per cent of the metal price for the concentrate the cash margin would be over
$100 a tonne but probably nearer $130- a tonne in the initial open cut years.
This means cash flow would run at around $260 million in years 1 and 2.
A normal multiple for a producing mining company. is six times cash flow .This puts a value over $1.2 billion on KGL as against the current market
capitalization of $70 million.
At some point a decent broker will do the research and pronounce he has found a gem!