KIN 3.45% 5.6¢ kin mining nl

The Lewis trial pit toll processed 1000 ounces and just broke...

  1. 842 Posts.
    lightbulb Created with Sketch. 302
    The Lewis trial pit toll processed 1000 ounces and just broke even, and in any case I think someone posted here that St. Barbara weren't impressed with the oxide ore clogging up their mill. Might have that bit wrong. Toll mining low grade ore doesn't strike me as a good idea.

    Makes more sense for a Kin plant to toll process for surrounding explorers in the future.

    On the other hand, as I keep harping on about, we don't know what has been planned for the Raeside ore, which was both the highest grade, the closest to the St. Barbara plant, and, going by the graphs in the DFS, at the lower end of the production costs scale for Kin (hard to be sure about that). I guess a plan could be to fund the exploration / accretion project by having St. Barbara toll process the Raeside ore, although for no particular reason I doubt that is what is planned.

    It is possible the Raeside ore will just reappear in the mix and economics will look OK, if not exciting.
 
watchlist Created with Sketch. Add KIN (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
-0.002(3.45%)
Mkt cap ! $65.97M
Open High Low Value Volume
5.6¢ 5.6¢ 5.6¢ $1.282K 22.89K

Buyers (Bids)

No. Vol. Price($)
3 343151 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 341665 2
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
KIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.