Thanks@Kelvestor. Great work.
In 2012, KCN made a profit of AUD75m when the gold price was about USD1,800/oz. And we are at a similar level gold of pricing now as in 2012.
I Will keep the valuation - if KCN can make at least AUD50m profit, and if it is forecast to make $100m in the year after, I think the stock will be worth at least AUD 1bn. 10x prospective PE is very conservative. Barrick gold PE is about 13x.
1. Stock of gold is limited and hard to find - becoming hard to get hold of good new gold mines.
2. With the global stock market peaking - think gold is a good alternative.
With good market sentiment, a stock can trade well above its intrinsic value. I hope it will be the case for KCN in the months to come.
Thanks@Kelvestor. Great work. In 2012, KCN made a profit of...
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Last
$1.62 |
Change
0.020(1.25%) |
Mkt cap ! $417.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.59 | $939.6K | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7553 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 5378 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |