Extract from Proactive investor six days ago.Summarized the report but also added a short paragraph on their take of where KGL are at. I particularly like the last sentence.
Analysis
KGL holds a very-strong cash position of around $11 million following the sale of the Andash project in Kyrgyzstan, and with the company trading at $0.096 this provides a market cap. of just $13 million.
Therefore the enterprise value of KGL is around just $2 million, with the company now leveraged to exploration success at Jervois - which already hosts Indicated and Inferred Resources.
With the onset of drilling, Proactive Investors would expect to see greater exploration newsflow and share price growth.
Extract from Proactive investor six days ago.Summarized the...
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