KCN 0.00% $1.36 kingsgate consolidated limited.

Processing stockpiled Ore will give us 73,000 ounces Au & 780,000 Ag

  1. 904 Posts.
    lightbulb Created with Sketch. 2298
    So let's do some calculations for what we get straight off the bat by processing the existing stockpile, assuming our all in costs are still around us $750 area. (excluding any royalty discounts or incentives we may get in the settlement)

    *** 73,000 ounces of Gold x current Gold price us$1820 - Costs us$750 = is a profit of about us$1,070 an ounce or US$ 78,000,000

    *** Converted to Aussie at 0.714 exchange rate = Aussie $ 110,000,000 eek.png

    Lets add the 780,000 ounces of Silver, (i believe this is just a byproduct and the cost is included in the US$750 an ounce, not sure) = $25,000,000

    So.......................... do you think it will take long to payback a $35 million loan to fund the restart ? wink.png

    So................market cap today is 371 million @ $1.65..... woweee sneaky.png

    So.........
    Let's hope Ross the Boss get's a little extra on the loan to start the buyback around here and take these shares from whoever the numb-nuts are who's selling down here.


    https://hotcopper.com.au/data/attachments/4065/4065953-99779c7c22e6197b9189ff204d5fd211.jpg
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.