I wouldn't call it cheap at 23M (undiluted) considering there has been no confirmatory drilling results and no official statements have been made about known resources left to date - but yes there is massive potential - I do have faith in KE
My general rule of thumb is if a mine is not producing let alone has a JORC and the MC is between 50-100M it's time to consider taking some profits and free carrying - but that's just me.
I've been trading this around 2.5-3.3 the last couple of weeks, I might hold onto this bundle in anticipation of drilling and further news flow.
GLTAH
AVZ chart, page-78
-
- There are more pages in this discussion • 13,268 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)