KCN is the best silver play on the ASX in my opinion.
it is back in production of gold and silver in Thailand, after being shut down since 2016. between 2001 and 2016, KCN produced 9 m oz of silver, along with all of its gold.
KCN also has a shovel-ready silver deposit in Chile containing 83m ozs of silver called a Neuva Esperanza. KCN is currently looking for a buyer of Neuva Esperanza who is prepared to offer a fair price.
how much would be a fair price in this booming silver market for a shovel ready deposit of 83m ozs?
KCN's market cap at the moment is only $390m or something. i don’t think the market has ascribed any value to its Neuva Esperanza deposit, so imagine what the share price would do if KCN announced a sale tomorrow for, say, $90m?
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