KMN 4.00% 12.0¢ kings minerals nl

Have been following this one for sometime and are yet to commit...

  1. 116 Posts.
    Have been following this one for sometime and are yet to commit to buying although many I know see a lot of potential. I have done some sums on this one and I see the following:

    San ANton Project: Kings 64% of project (assuming merger approved) and approx 576 million shares will be issued.

    Pre feasibility Net cashflow 182 million after tax and KMN share 64% = 116million undiscounted.

    This is also based on .74 strip ratio which is questionable ?

    There is also a strong chance that more shares will be issued in the future as I don't think 5 million is enough to commence project.

    I am still not convinced.







 
watchlist Created with Sketch. Add KMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.