I agree gizard, that is exactly what the mkt is saying. The question is whether that is correct.
One thing I will say is that the mgmt team have done a great job so far and they look absolutely committed to getting KF into production.
If silver stays here or goes higher, it is quite possible they will get KF into production. I just think a 1.5mtpa plant is going to cost a huge amount - so much dilution will be required that anyone hoping for a ten bagger here is likely to be disappointed.
I think it still could be a good play in the short/medium term as it may start to look increasingly likely that they can bring KF into production. Whether they ever will or not, who knows?
ARD Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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