KGL 9.52% 11.5¢ kgl resources limited

Resource update in numbers, Contained Copper (7500/ton) -->...

  1. 173 Posts.
    Resource update in numbers,

    Contained Copper (7500/ton) --> 280000 * 7500 --> 2.1 billion AUD
    Contained Silver (20.5/Oz) --> 18 M Oz * 20.5 --> 369 million AUD
    Contained Lead/Zinc (2500/ton) --> 120000 * 2500 --> 300 million AUD
    Contained Gold (1400/oz) --> 113000 * 1400 --> 158 million AUD

    So, we have an insitu metal value of ~ 3 billion AUD for Jervois till date but our MC is around 50 million AUD. I believe we have a re-rating waiting to happen soon. Long term investment in KGL could reward much better, why ?

    1. We have resources open at depth, new parallel resources being found and current resource update is no where near the full potential of Jervois
    2. Open pit mining identified in 3 zones which would equate to maximum returns of capital invested in short term and long term money flow
    3. Deep drilling program currently in progress would throw more insights to the Jervois structure and if recent results are anything to go by, we have a bumper of results waiting to come
    4. Reversal in metal prices and demand is a BIG positive for resources industry
    5. We have plenty of cash in hand and should be more than enough for current deep drilling program and any future drilling program
    6. A Junior explorer company in transition to Mid Tier Copper Producer and that too very soon

    Reasons are many to invest in KGL and Market will catch up soon.!
 
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Last
11.5¢
Change
0.010(9.52%)
Mkt cap ! $65.23M
Open High Low Value Volume
11.0¢ 11.5¢ 10.8¢ $6.218K 56.29K

Buyers (Bids)

No. Vol. Price($)
3 77340 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 242684 1
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Last trade - 13.39pm 05/07/2024 (20 minute delay) ?
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