Q2 Numbers Not Important - Current Production Number KeyI don't think anyones Q2 numbers will be great because of Fires, but what is going to be interesting to see is there current production.
Kelt is hamstrung in Wembley right now becasue of plant issues, but they have so many good play opportunities, they have tons of flexibility to move things around.
What i really like about Kelt and the reason i am significantly overweight it they have zero debt, they have meaningful play areas that will represent a significant value.
- No debt, and the ability to accelerate projects with it bank line.
- Also the reserves will go up and it already has a crazy net asset value.
- Also the production will go up this yeare meaningfully.
- These are not postage stamps, they are meaningful.
Kely has a 2024 projected cash flow of 2.20 a share, which i think is pretty reasonable.
Very soon the stock will be trading north of 6 dollars a share is my guess.
IMHO