At the end of the day, the company value is underpinned by cash. You’ve got the BHP JV and Penikat for nothing. Upside is really in whether the company can acquire a decent project soon. Downside is if they keep spending cash at the current rate with no exploration in sight. Question is do you think management have the ability to acquire a good project and at decent terms. They did well with the BHP negotiations, so hopefully they can do well with an acquisition.
Where was the video taken? Southern Peru? It’s underexplored and getting interesting following the Ausquest discovery.
Kingrose Mining - Banter and General Discussion, page-1541
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