I did NPV calc on the current shares on issues a while pack when gold $1,800/Oz sp should be around $1.70-1.80 at 120koz pa production just valuing chatree alone and subtract estimate 20m pa for G&A included in the calc.. if you sell NE for $60m, I think add 20 cents but if distribute the proceeds in form buyback the impact might be greater.. at $2koz straight sp should be $2+.
Obviously the current sp is heavily discounted.. lots of uncertainty.. e.g need to pay 11m short term loan in May.. KCN has yet to achieve postive operating cashflow. I was hoping they at least achieve postive op cashflow this qtr.. but depends how well they have budgeted. And management has been woeful onto heir forecasts.
At avg 2g/t grade .. production would significantly ramp up.
I did NPV calc on the current shares on issues a while pack when...
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Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $493.4K | 316.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2587 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2944 | 1 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.54 | 28463 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KCN (ASX) Chart |