yes - such low pe's (for kcn) means that is damned hard to find a better investment. if the price retreats, it simply means that it is a better buy, and not worth selling. plant is being expanded, so i suppose that it may well treat 2m tonnes per annum. this is 10% above design capacity, but given the performance to to date, this may be achievable. there are obviously far more reserves to be discoverd. anyway, unless the price is right, i will stay in the stock for the good dividends. based on my entry price, and the quantity of stock held, this is a good return. also looking at a capital return in a few years time
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yes - such low pe's (for kcn) means that is damned hard to find...
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