KCN 5.04% $1.46 kingsgate consolidated limited.

good to see some fresh interest in kcn, so far we were pushed...

  1. 3,629 Posts.
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    good to see some fresh interest in kcn, so far we were pushed down by rodent, so that they can steal from long term holders. You should also know below before entering in kcn

    at present -
    1. Plant 1 refurbishment is getting completed by using revenue from current production, eta 7months.

    2. Waiting NE sell (our Chilean assets) or loan from Thailand, either of them might change the eta to 4-5months from 7.
    3. annual production 110k to 150k (initially) once mining commenced

    4. Current mine life 9years and revised reserves will increase it to 15 years (from current approved MLS) approximately, we also have 32 SPLs approved plus another 70spls pending which will increase mine life another 40-60 years.

    5. No corporate tax next 8 years and new government means reduction in royalties will be on the table again.

    down side
    In Thailand nothing gets done on time,
    initially we will need working capital min 30m usd for full production capacity (I believe management will manage it easily but market believe otherwise).

 
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