KCN 5.48% $1.38 kingsgate consolidated limited.

"And where do you think this money came from?"Woody, I am...

  1. 2,104 Posts.
    lightbulb Created with Sketch. 1451
    "And where do you think this money came from?"

    Woody, I am pleased you asked.

    My answer:
    Current Gold and Silver production and revenue from Chatree
    Using current gold and silver prices with FX of 0.66
    You may wish to include a recovery for Silver of 56% not the old 35%
    and full processing capacity
    at grades of 0.9g/t Au and 13 g/t Ag

    Gives revenue of A$22m per month (this will be in the form of increased levels of dore', debtor and cash)

    The D&D preso quoted an increase of A$23m for the month, my spreadsheet is obviously not spot on but seems in the ballpark to what I expect when production is running as modelled. Maybe it is time to give management a bit of a break and wait for confirmation in the Sep QTR results.

    I won't engage any more in your assumptions as I prefer to keep with the figures from the company announcements.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.