If Kingsrose can produce 20 thousand ounces of gold every year...

If Kingsrose can produce 20 thousand ounces of gold every year the way they have in the past - on margins of a thousand dollars per ounce, that is future cash flows (not including capital expenditires) of 10 to 20 million dollars a year. In other words, the price to earnings ratio is incredibly small for a company that already has existing infrastructure in place, and with proven gold resources in the ground.

Look at the Trans Sumatra Fault Line - the Martabe mine has 6 million ounces and is one of the largest gold mines in the world. Kingsrose's CoW covers 100 square kilometres over this Fault Line, just think about how much gold there is left to be mined.

Sheerly undervalued despite the gold producing asset and the robustness of the company's financial position - has room to do financing if they wanted to.