Powerman, your price estimates are based imo upon current market conditions which have and still are extremely negative for most gold companies.
Now start calculating a price for an unhedged KCN moving to 300,000 ounces of very profitable gold production with some big, new exploration success and much more anticipated, with a gold price at US$1500 or maybe higher and with the stock market in boom mode for gold stocks.
Because I am absolutely convinced this generational gold bull market will at some stage have gold shares booming in price.
Who would have imagined at the time FMG going from 50 cents to $80.00 or so (multiple its ASX price by 10 to take account of the 10 for one share split!).
Who would have imagined at the time KCN going from ... to ...??
Powerman, your price estimates are based imo upon current market...
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Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $398.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.56 | $1.54 | $284.6K | 183.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 9150 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 12337 | 5 |
View Market Depth
| Last trade - 12.15pm 26/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |