this is too cheap now. the selling is coming from a comsec account because my orders in the last few days have all been cross traded including just then at 32.5c.
Mkt cap @ 30c is about 42m. Assuming cash and unsold gold is over 12m, EV is less than 30m now.
The company will survive because they are making cash now and only a little bit more CAPEX and drilling and we will get Murchison to phase 2 where heap leach will produce 13koz a year at around $500/oz.
KGL Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
