KMN 4.00% 12.0¢ kings minerals nl

SNN closed at $1.7 Canadian on TSX.Kings owns 73 % of a 51%...

  1. 683 Posts.
    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
 
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