RE:Gold sector M&AA nice chunk of KNT share price is its’ upside which will be (I hope) evident after new reserves report is published. With ~ $60 million of cash this company is able as John Lewins mentioned of organically grow to 300k oz/year. Would acquisition be a more efficient way to grow a share price? I think not (not in the short term at least). I would like to see this company proving all those resources into reserves….growing to 300 or 500k oz of annual production & at the end of the day being taken over by a major for a healthy price tag. As for political risk,….not an issue; PNG is not able to run any major outfit without outside help & KNT has been a good citizen to that country.
G37