KMC kalgoorlie mining company ltd

Their resource base for both is 250,000 not 25,000, therefore...

  1. 370 Posts.
    Their resource base for both is 250,000 not 25,000, therefore that's an based on their current operation producing gold for about $1100 per/oz est. Profit at current gold prices = 1800-1100 = $700/oz.

    $700/oz x 250,000 oz mineral resource base = $175million estimated profit to come in. And they are already producing, so with solid cashflow, debt facility can be employed to fund the mill which will make KMC EVEN MORE Profitable (e.g. if with their own mill, $700 costs instead of $1,100 which leaves their bottom line with roughly $275million (over 10times the market cap). And with gold prices on the rise, and the company continuing exploration, who knows how much wealth will be rapidly added for shareholders.

    Don't take my word for it, the CEO thinks so himself with his constant on market purchases of the company's shares, he now owns ~10% of the company.

    Bright future in tough times, multi bagger elements in play for this miner.
 
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Currently unlisted public company.

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