KSN 3.90% 8.0¢ kingston resources limited

Ann: Trading Halt, page-21

  1. 6,162 Posts.
    lightbulb Created with Sketch. 1679
    Agree Jamn,


    Looking a MH, it is gonna depend on the success of exploration too. Some nice juicy targets on the CR deck.

    https://hotcopper.com.au/data/attachments/3806/3806576-c20a6667b83a9e42ae2afd5f3627793b.jpg


    Interestingly enough they are looking to increase production via exploration to 70kpa

    https://hotcopper.com.au/data/attachments/3806/3806579-8389e70c2f352df6ea13232e31540e7f.jpg


    Unfortunately alot of work is doing to have to be done at MH to get that M&I up from 12%. So within there lies the risk. And probably why they got it so cheap. Within this raise they have 8m to do exploration from the get go.

    https://hotcopper.com.au/data/attachments/3806/3806586-fed3b848f3169cbded8d2ea7ad97508c.jpg


    Seems like a decent strategy IF They can execute and use FCF to build out the rest of Misma. IMO we are in for a long decade as the woke world will destroy fiat, so PM sector is going to 10k + oz of Gold.
    Last edited by fbx258: 18/11/21
 
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