Depends, let say incentives in and we have permission to mine and NE sell gone through 25m cash + another 30m loan received from thai government bank which will change the equation. they will bring forward plant 1 refurbishment which can start from mid jan or February then both plant will give us full production from July or August. Production forecast will change from 43k to 60-70k, profit margin higher because we are using backyard’s stock pile, I would say $800 instead of $557.
All of a sudden you see kcn is making $48m (approx) profit in 2023, drilling results started flowing through, reserves update from 1.3m to 2m ounces. Cashflow dry to cashflow positive 40m-50m. It will be hard to pricing kcn by traditional modelling.
2023 qtr 1 around $3 and qtr 4 maybe $4.50 to $5.
General discussion, page-2042
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Mkt cap ! $427.8M | |||
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