KSN 1.20% 8.2¢ kingston resources limited

Agreed - crazy value here.Current MC is $45m….let’s break that...

  1. 5,098 Posts.
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    Agreed - crazy value here.

    Current MC is $45m….let’s break that down.

    Current gold producer with a monthly profit of ~$1m
    ~$6.8m in cash reserves
    Plant at Mineral Hill valued at ~$72m (insured value)
    ‘Misima up for sale at $150m (let’s say they only get 50% of that
    Milestone payments still coming from Livingstone (I believe)
    Gold bull market (apparently)
    Low SOI (relatively)

    Clearly plenty of growth ahead in share price based on current metrics/value
 
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