KCN has a mining reserve at NE of just under 50 million ounces. Trouble is they need $US19 silver to justify development
I have been a silver bug for a couple of decades and having cashed out of silver plays and bullion in 2011 started accumulating bullion againthis year,
KCN has now risen from the ashes to be a cashed up silver play.
Ross is also a silber bug and its hard to believe he will let NE go without having another stab at exploration to build on the resource base.
A silver bull run is probably a couple of years away, worth the wait. There are few genuine silver plays on the ASX so speculators are forced into a narrow field.
silver play
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Last
$1.26 |
Change
-0.015(1.18%) |
Mkt cap ! $324.7M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.24 | $730.6K | 579.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2051 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 9999 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |