Again, in the end there is in fact no million dollars profit a month. They have expenses outside the AISC which could easily lead to nearly zero net profit in 2023, like last year. Just look what Kingston wrote in their recent finance report:
And the resource (3,2 million ounces) was already there when they bought the last 20% for 2 million AUD. They decreased grade from 0,93 to 0,79 g/t, which increased the resource (and little bit of drilling which of course the company usually finances through continuous dilution).
I also bet on a time when market gives more value to ounces in the ground, but in this high interest environment it is just not the case. This is not a Kingston specific undervaluation, it's sector wide.
Sorry, I still think altogether my estimate of situation and valuation is quite appropriate. But I hope you are right.
let's agree to disagree.
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8.0¢ |
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0.001(1.27%) |
Mkt cap ! $56.56M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 326009 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 547732 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 326009 | 0.079 |
4 | 842407 | 0.078 |
6 | 305588 | 0.077 |
4 | 214000 | 0.076 |
2 | 240000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 547732 | 4 |
0.081 | 113888 | 2 |
0.082 | 163427 | 2 |
0.083 | 113190 | 2 |
0.084 | 5000 | 1 |
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