Current Valuation using US $2,200 Gold price

Today the Lovegod is going to show you all just why he destroyed his relationship with Ross & Jamie , screamed from the top of his lungs everyday to try and stop them blowing money on conferences, Chatree festival carnival, etc, etc during 2023.


Current fair Valuation with US $2,200 Gold:

• All in sustainable costs (AISC) US $1,200
• Selling Gold at US$ 2,200 minus AISC gives us a margin of US$1,000
• US$1,000 = Aussie $1,500
• Aussie $1,500 multiplied by 120,000 ounces = $180,000,000 profit /year

$180,000,000 divided by number of shares 257,000,000 = 0.70c earning per share

a simple basic PE will be applied of 5 to give us a fair valuation of 5x 70c = $ 3.5 per share

a simple expected divided payout of just 70% of profits is 0.49c a year, or a dividend yield of 14%



Shareholder upside destruction because of Mgmt failures in 2023 resulting in dilution:

1: having extra 257 million shares on issue instead of 221 million has reduced this fair valuation by a huge margin.

$180,000,000 divided by 221 million instead of extra dilution 257 million would have meant eps of 81.44 c
Fair valuation today would have then shown a massive increase , instead of $3.5, it would have been $4.07




Yes, it's excellent, but it's not as good as it could have been & my life is fully invested in KCN for my future like probably many of you, so i expect our Mgmt to do there 100% best and not be a team that thinks ok is good enough...

All the $ucking wasted money that could have been buying back placement stock is eventually going to cost us MILLIONS !

All the $ucking wasted money on tree planting, chatree festival carnival could have waited 12 months to start and is going to cost us MILLIONS!

And the $500,000 bonuses that could have been buying back placement dilution below $1.35 will soon have cost us $1,500,000 when we reach $3.50, compared to if they had waited 12 months until fully operational instead of stuffing it into there greedy selfish pockets when they did...



CONCLUSION:

As you see, we are about to fly through the reopen Kingsgate to kingsgate heaven, but instead of being extra great for shareholders our upside has been reduced for $4.07 to $ 3.50 from Mgmt failures to get promised Thai bank loan & ridiculous spending that could have reduced some of the disaster dilution instead..


So when we are $3.50 and all the fanboys are praising mgmt, remember, it's the simple Gold price that get's us there, we would be a lot higher if Mgmt's big ego's hadn't blown so much in 2023 when it was such a crucial time...


PS: They have one last chance to reduce placement dilution with a Sale of Neuva Esperanza if they don't stuff that up and get greedy, just like Ross stuffed it up in the Last bull market... Listen to his interview in 2011 & compare to what happened ! it was total bullshit interview, they never achieved what he said, nowhere close, so why don't Mgmt learn to just shut the $uck up and mine Gold and buyback stock.


MINE GOLD, BUYBACK STOCK, MINE GOLD BUYBACK STOCK ........ That's all they have to do if they can keep there big ego's in check..

It's up to shareholders to keep there big ego's in check, because history has shown, if we make $180,000,000 soon, they will want to stuff a huge amount into there greedy pockets and nothing they have done by diluting us in 2023 & having a 6 months opening delay on Plant #1 deserves a bonus.... The only thing that gives us this profit is the Gold price rise...

........ & the Gold price rise in an act of God, completely out of mgmt's control.

Shareholder took the Risk from 2016 closure and received nothing, & Mgmgt kept taking a salary and ridiculous Bonus in 2019, so they have taken there share, this future from today is for Shareholders and shareholders only ! Do not let them start blowing this money on anything else ! PLEASE HELP ME stop them destroying this like they did in 2011-2014...

Extra Notes to give you extra hope:
0.9gpt gives us 130,000,000 Ounces
1.0gpt gives us 140,000,000 Ounces
If Silver explodes, AISC will fall significantly, Margin will improve...


Let me finish with why i think Gold will reach $2,300 at least this year .... US Debt has already blown off the top of my old chart here, it's know at $1 TRILLION every 100 days, so it's 38 TRILLION by the end of this year ! Where does this chart, that has been accurate for the past 50 years, tell you the Gold price will be when US debt blows over $38 TRILLION ?



Today it's already blown off the top of my chart above.



Interest alone is know approaching $1 TRILLION a year, so they will be printing more money to simply pay the debt, so they are cactus !