RE:RE: Conference Webcast on Wed August 10th If your forecast of 280k + ounces are in prospect next year, then this gives an interesting comparison with KGI :-
ILLUSTRATIVE NUMBERS
| KDX (2017) | KGI (2016) |
Ounces projected
| 280,000+ | 280,000+ |
| Market cap C$ yesterday per yahoo.com | C$880m | C$1,300M |
| Cash less debt - approx | C$50m+ | C$30m (CS130-C$100m) |
| Yesterday’s SP | C$6.16 | |
| SP Uplift factor if 2017 production were to have been received in 2016, based on the current KGI value, with their production 2016 production being comparable to KDX’s 2017 ounces (PM 2017 estimate) | C$6.16 x 1,300m/800m
= C$10.01 | |
| KDX premium due to lower production cost / higher grade of ounces, say | 40% | |
Potential 2017 SP based on today’s POG
|
C$14 | |
It is understood that the above is not a scientific basis. However, there is so much uncertainty in the mining industry, that occasionally a broad brush approach to share prices may have some merit.