Current Valuation using US $2,200 Gold price, page-4

You really are a fool Oldfolk...

Our current Chairman has been Chairman when he blew KCN from a billion Dollar Company in 2011 down to dog$hit $ 1.70 in 2014 . He did that. all by himself..

Jamie must have helped since he was strategic adviser since 2013, 3 years before any talk of closure...

INVOICE PAID:
Let's hope the $500,000 Bonus for getting mine open doesn't keep repeating every year.. The line in the sand is they have been paid for this, going forward they get there salaries or shareholders should be thinking of getting rid of them the moment a sneaky little dirty finger crosses the line again.... Treat them like they treated Wayne Schiller & Doncamillo, use and abuse.

A sneaky Gambler ( one who's life revolves around the Australian Jockey club / horseracing is obviously a sinner in the face of the Bible ) & will keep telling you about the Win's.....Over and over i hear from people like oldfool, i hear about how great they are to get the mine back, but Do they ever mention the $700,000,000 in Accumulated losses on the balance sheet from all the strategic Gambling losses between 2011-2014 that destroyed KCN in the past and destroyed shareholders lives ?

Just Google " Ross smyth-Kirk " and there are plenty of newspaper articles about all the shareholders destroyed in the 2011 - 2014 blow up when they blew the lot / diluted the hell out of KCN with reckless acquisitions.------> Then just 5 years later in 2019 whilst mine is still closed, Our Chairman pay's himself a $90,000 BONUS for getting 1/4 of an insurance policy paid to KCN !! OMG ! OMG ! OMG!

Ohhhhhhh, i don't hear you mentioning that oldfool.



RED FLAGS to be watched going forward:

1: Taurus & Ross had major blowup ---- Hey Oldfool, do you know about the personal fight Ross had with a Taurus employee and why ???
2: Sneaky slippery decisions time and time again ---- Not telling shareholders OR Taurus about sneaky loanshark 12% interest at the time it was done.
3: Lying to shareholders with false promises ---- I could tell you many many shareholder stories, some so bad i'm actually scared to tell them here.





GREEN FLAGS to look forward too: Basically everything out of Mgmt hands that they can't stuff up & have no power to influence.

1: Gold price & ability to buyback cheaply because we are hated by Aussie funds because of KCN smelly history of shareholder destruction well before closure which actually can work out great if we take advantage of this by buying them all back and cancelling them forever..


2: Silver hopefully play's catchup someday, someday NE is sold, someday the buyback starts.... Silver only has to get to $50 to catchup to Gold, only a little 100% move up just to catchup should reduce our AISC at Chatree with $50 Silver.





So.. GOLD @ US $2,200 = +$3.50 when Mgmt pay shareholders dividends and not into there own pockets.