KRM 4.65% 4.1¢ kingsrose mining limited

I calc hard cash backing at 0.041, inclusive of crudely...

  1. R21
    1,404 Posts.
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    I calc hard cash backing at 0.041, inclusive of crudely discounted Way Linggo NSR, EV of about 0.
    Effectively all the Nordic assets are free IMO. A few recent posters might agree on that....

    https://hotcopper.com.au/data/attachments/5596/5596483-1c4d768ad768ff3ca2ce131ddf85fe19.jpg

    Inclusive of the Way Linggo NSR, the cash (&equiv) backing is higher than market price.
    However, I'm not really sure how to discount the cashflows, this is a stab on the assumption that once the project restarts in say 2 years the royalty cap will be reached sequentially in 2-3years with no WHT payable by KRM.
    https://hotcopper.com.au/data/attachments/5596/5596504-2363b95dbab2c9e2dec5dcad5a7fb215.jpg

    Questions:
    Are there any progress updates on Way Linggo restart?
    Who are Capwell Global?




    Last edited by R21: 21/09/23
 
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