Let me ask myself if KCN could ever have a share value of $7.50. What would it take to achieve? Lets see. Assume price/NAV is rerated to its global mid-tier peers of 1.0 (probably about half that now so a lot of confidence to be shown on targets being met etc). then assume price of gold increases 20%. Then assume AISC can be decreased by 20% through bulk efficiency. Then assume 17% increase in ounces mined per year. Plug that in and you get a NAV of 7.5, and at a 1X rating , share price of $7.50. Yes , all that will take a few years I think but it shows you where this stock price can head if everything is lined up operationally plus other factors. Food for thought, my friends.
KCN Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
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