potential enormous The upcoming BFS should be an absolute...

potential enormous The upcoming BFS should be an absolute cracker. They will have excellent cashflow using various scenarios that use product values weel below the market price. The following report outlines the relative value of the company.

http://www.24hgold.com/24hpmdata/articles/240320060072201.pdf

They have already found additional low grade ore, which will lower operating costs and will allow an increase in tonnage output (possibly 750 000 tpa).
If this is true the open pit will produce:
750 000 @ 0.0064 = 4800 tonnes. This is a major deal and factoring in associated lower operating costs and increasing capital expenditure I see KIS raking in net profits (after tax) in the order of $31 million. Which values the company at $3.30. Assuming a tungsten ore price of US$120/mtu and $AU=0.75$US. This price estimate is well below the current price of US$200/mtu. At current prices the company could have a net profit (after tax) of $67 million. This would value the company at over $7. Current price per share $1.22.

The resources are as follows:
-Dolphin: 13.4 million tonnes @ 0.64% WO3 (open pit)

-Estimated 14.1 million tonnes @ 1% WO3 (underground mining)

-Bold Head: Approximately 1.4 million tonnes @ 0.88% (open pit)