It sounds reasonable. If not wanting to sell it for the prices offered, then IPO it, gain cash from selling 50% and retain 50% (or distribute them to shareholders).
But this would require a NE resource update at the least. Or a resource update plus a PFS update.
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KCN
kingsgate consolidated limited.
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4.15%
!
$2.51

FY25 P&L Predictions, page-8
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Last
$2.51 |
Change
0.100(4.15%) |
Mkt cap ! $645.6M |
Open | High | Low | Value | Volume |
$2.43 | $2.52 | $2.43 | $1.096M | 440.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7 | $2.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.51 | 7199 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 17920 | 2.490 |
5 | 10338 | 2.480 |
7 | 13415 | 2.470 |
6 | 135329 | 2.460 |
2 | 3742 | 2.450 |
Price($) | Vol. | No. |
---|---|---|
2.510 | 12027 | 10 |
2.520 | 71630 | 10 |
2.530 | 25169 | 5 |
2.540 | 4648 | 5 |
2.550 | 17534 | 7 |
Last trade - 13.57pm 22/07/2025 (20 minute delay) ? |
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KCN (ASX) Chart |