I feel your frustration but there always going to risks that something will stuff up or delayed. But we are holding to KCN because there a several upsides on the horizon. But two positives stand out:
1. increasing FCF 2. Gold Production will increase with FY 26 forecast production at 120koz p.a.
It looks like KCN has hit a very stubborn ceiling $2.10.. it will need POG to go above US$3,400/oz to break it. JP Morgan and Goldman sachs has forecast US $4k oz gold price. This gold rally started last year.. based on a trend investors were concerned with growing level of US debt.. this trend will continue because the Republican Congress won't make any significant inroads to reduce the US deficit . KCN FCF for this increase will from previous qtr as long avg realised gold price is above US $2,850/oz.
Last Qtr avg grade 0.55g/t from 100% mined ore. Chatree resource certification was 1mt oz at 0.81g/t 10 year mine life.. the certification was based on mine plan with plenty of drill results. Based on the mine plan.. Grade will improve and hence production is forecast to improve.
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