gee Treemer you must have got them cheap, and been very patient!
The analysts of course say $7 to $9, but they use $650 gold most of the time.
If we use $900 gold you probably can justify $15 based on assuming the increased production scenario of 300,000 ounces pa at $500 net profit margin per ounce. Thats $150million a year with a pe of 10 gives you ther $1.5billion market cap or $15 a share. also a pretty rough calc as no discounting of cash flows, but on the other side KCN will trade at a premium anyway because of the quality of the mine and management
of course assumes increasing mining reserves to over 4million ounces which seems quite realistic .
my 3 ot 4 year target is around $25 to $30 because I work on $1500 gold
Remember they need to divest 40% of the mine in 18 months. We don't really know how that will impact the price . My guess is they sell 40% off to Thias at the prevailing market price at that time. The cash raised would then go into KCN bank and be used for expansion/acquisition.
Hope to your still holding in another 4 years!
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Last
$1.57 |
Change
0.015(0.96%) |
Mkt cap ! $402.0M |
Open | High | Low | Value | Volume |
$1.56 | $1.57 | $1.54 | $420.8K | 271.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 16186 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.57 | 1411 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 17857 | 1.560 |
4 | 7143 | 1.555 |
6 | 21309 | 1.550 |
3 | 3588 | 1.545 |
2 | 18367 | 1.540 |
Price($) | Vol. | No. |
---|---|---|
1.570 | 436 | 3 |
1.575 | 3000 | 1 |
1.580 | 12118 | 4 |
1.585 | 16757 | 3 |
1.590 | 3000 | 1 |
Last trade - 14.39pm 26/06/2024 (20 minute delay) ? |
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