kings undervalued snn on tsx

SNN closed at $1.7 Canadian on TSX.

Kings owns 73 % of a 51% interest in Mexico. This equates to 37 % overall owenrship of the Mexican Project.

Excahnge rate Canadian Dollars to Aus Dollars multiplex by factor of 1.09

Therefore $1.7 Canadian = $1.85

37 % of $1.85 = 68.5 cents

According to theses calculations Kings is undervalued by about 6-8 cents. Should be trading at the 68-70 cent mark on the ASX

Anyone care to comment on this calculations. Why are we still seeing low 60s?

I would except Kings to slowly build momentum up over the comming weeks. These are bargain prices for Kings at the moment for anyone looking to enter

I think it has passed its little trough.

Just my opinion. As always DYOR

Cheers

Jooooooles