Agree with both yourself and Tim.
KSN are sitting on gold at Misima, not different to anyone who holds physical gold.
Their asset in PNG is appreciating and they don’t need to do a fire sale to collect some cash to operate. Why even contemplate JV or a sale at this point when they have a focus at mineral hill that will give them money to burn.
some are saying gold will shoot through $3k this year, some saying $4k is a possibility……..depending on where POG stops Misima may be a borrowings funded KSN operation. Not out of the question that KSN will 20 bag from where they currently sit - the POG needs to keep rising and the sky is the limit.
if I was next to the computer now I’d throw some figures into excel and model profits based on KSN’s DFS with higher gold prices - I think it would be an eye opener for many
Agree with both yourself and Tim.KSN are sitting on gold at...
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Last
7.0¢ |
Change
0.003(4.48%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 7.0¢ | 6.6¢ | $150.1K | 2.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 22856 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
0.003 ( 2.99 %) |
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| Open | High | Low | Volume | ||
| 6.7¢ | 7.0¢ | 6.7¢ | 291566 | ||
| Last updated 15.50pm 03/05/2024 ? | |||||
| KSN (ASX) Chart |