The biggest short squeeze in the world?, page-95

@goldfan

KCN is up ~800% in 18 months
Trades at ~$200M EV with half the size of silver resource as SVL in terms of primary project
It will need $350m+ to build nueva at 3Mtpa. Wouldnt surprise me if it was $500m+. MYL's 2mtpa plant was costed at A$428m+ in 2019 - though its more technically complex

Some aspects are interesting

But that is definitively not the most unloved silver play on the asx. Arguably its the most overpriced silver stock on the asx on some measures - on an 'as is' basis

What Nueva offers - if it gets built to 3Mtpa specs - is very high leverage by churning out a huge amount of volume in 6 years. that is a massive size of mill - with a capex cost to match.

You could concoct a similar leverage story for any of the +100Moz Ag eq resource projects - if you;re just wiling to assume that much capital is readily available and comes at no cost to the SOI/share price

not without some merits though. some big optionality depending on outcomes, metal prices etc

anyway - not the forum to be promoting single stock stories imo

if you;re going to compare you need to compare most/all of the peer group at the same time on all the various metrics