The 2014 DFS on NE had capex $us140m and costs US$12 ageq
let's bump the CAPEX to $US300m and cost $US15
Annual production was 7,500,000 ageq. So at $US30 silver we get roughly $US100m pa profit and 3year payback
that is why at silver prices in the low 20's NE was a hard sell for a forced seller
fast forward a few months and now the market is going to see KCN as one of the few serious silver plays on the ASX and price it accordingly.
In addition Chatree recovery on silver can be improved. The company previously stated that the CAPEX required could be justified at higher silver prices.
And guess what.....they also found copper at NE...
gold silver copper...as good as it gets!
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The 2014 DFS on NE had capex $us140m and costs US$12 ageqlet's...
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Mkt cap ! $349.2M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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1 | 10196 | 1.340 |
3 | 29032 | 1.335 |
2 | 21552 | 1.330 |
2 | 2282 | 1.325 |
Price($) | Vol. | No. |
---|---|---|
1.355 | 1462 | 1 |
1.360 | 1552 | 1 |
1.365 | 1552 | 1 |
1.370 | 39295 | 1 |
1.385 | 38 | 1 |
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