@SreeHC $4 is not overly greedy..... once Chatree is operational...

@SreeHC $4 is not overly greedy..... once Chatree is operational again it's feasible (it would give KCN a mkt cap around ~$900m).

Some very rough back of the envelope figures (using number from back in 2016) production rate of 100kPA @ AISC of ~$1400AUD.... would generate an operating profit of around $100mil PA.... so that's a multiple of about 9 (if KCN was trading at $4 per share).... and I think that production rate could go higher as they were impacted by operational issues for the later qtrs just prior to the shutdown.

Regardless a high multiple (bear in mind that these are very rough figures) can be justified when you have large reserves.... which KCN has ~900k/oz (and ~3.4mil oz resource) and which will likely be expanded upon further after the restart. Which would come from potential of more relaxed Thai gov stance allowing KCN to update pit designs to incorporate some known mineralised areas that were previously not allowed to be mined.