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$1.54 kingsgate consolidated limited.

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miningnut

10,814 Posts.

2286

04/02/24

06:07

Post #: 72224902
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Originally posted by Oldfolk ↑

let’s assume 3m (you allocated for mining) spent in Feb 24 and we do boom boom on 17.02.24 and we spent one week to remove over burden and second week we do our first pour on 02.03.24 (gold produced 1378.73 ounces gold per week ( based on 0.8g/t and 82% recovery rate), weekly production continues same amount on p2, first week cash will be in on 06.04.24,

Similarly we start p1 on 09.03.24 with our stock pile and produce 489 ounces of gold per week (0.42g/t and 82% recovery) on 16.03.24 and the cash will be coming in from 20.04.24,

Let say after 5 weeks we start putting our ore to p1 on 13.04.24 and get the production to 932.67 ounces of gold per week (based on 0.8g/t and 82% recovery) and we continue our journey onwards and cash for this gold will be in on 25.05.24.

if you do weekly calculations based on above forecast then April total cash from customer is $19.187m, may $23.39m and June $34.145m. You can plot the expenses based on my forecast.

I think we will be okay cash wise however management needs to be ready to pull out 10-20m from bank if any uncertainty comes in and I believe they are working on bigger facilities.

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Updating schedules to allow for earlier mining & Plant#1 production:

KCN Price at posting: $1.27 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.54		Change -0.005(0.32%)		Mkt cap ! $396.9M

Open	High	Low	Value	Volume
$1.55	$1.58	$1.53	$1.024M	661.5K

Buyers (Bids)

No.	Vol.	Price($)
1	21000	$1.53

Sellers (Offers)

Price($)	Vol.	No.
$1.55	6269	1

View Market Depth

No.	Vol.	Price($)
1	21000	1.530
1	3762	1.525
4	26762	1.520
1	7000	1.505
5	53850	1.500

Price($)	Vol.	No.
1.545	6269	1
1.550	17400	4
1.555	3762	1
1.560	3762	1
1.575	24500	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

KCN (ASX) Chart