General discussion, page-3248

thankyou! I see it now…

I wonder how many ozs of gold that is… 126 weeks x 800ozs approx = 100,000 ozs???

say KCN got $3000/oz and kept $1500/oz after processing and royalty expenses….

that works out to be $150m operating profit….after two and a half years…and KCN's market cap is say around $300m…and say they finished Plant 1 on time and on budget and recommissioning went smoothly, that means KCN could process this stockpile worth, say, $150m in operating profit a lot faster than 2 and a half years….that represents a very attractive enterprise value without KCN even mining a bucket of dirt!

And say KCN's NE mine prospect in Chile was actually worth something….and say KCN's two newly refurbished processing plants were worth a small fortune in replacement value, and say KCN's proven reserves and resources were worth something and say KCN's exploration potential was worth something too…

Have I overlooked anything else worth something? Maybe there is some inherent value in the fact that KCN was already a profitable mine and a lot of that knowledge and expertise remains in the company…it's not as though management are pressing the start button for the first time into an unknown operation…resuming, rather than starting a gold mine must be worth something.

it does make you wonder if KCN's parts are worth heaps more than its market cap today!