RE:RE:RE:RE:RE:RE:RE:so jcTime for some math guessing. The reason for 2 horrid qs. Bad management.
Corp was not spending and so simply run out of ore. So that was a 100 million dollar boondoggle. Then we gave 15% of the entire farm away for 40 million on pp. So that was at least another 100 million boondoggle.
So tko is now trading at half comparative value to cs and cmmc.
But they have done some good stuff. Did the bond deal to finance flor. So never panicked to get a cheap jv. Permit should b issued soon. U.s. needs copper. Never forward sold copper but did put deals.
So that all makes up for a couple big boondoggles.
So current net debt is about 300 million u.s. Lets say, that is the gib mill value.
So gib ebitda should run at 200 million u.s. per year. So flor gets built for cash.
250 million u.s. with bank cash. So new mill is paid for but net debt is now 400 million .us.
So 150 million asset over debt for new mill. That is 50 cent share value.
Flor ebitda 500 million plus gib 200 million for 700 million total.
Times 10 is 7 billion mc. That is 21.00 for a 10 bagger. Of course the other properties should be adding value by then as well. If copper goes to 10.00, then all bets get pulled.
Maybe I wont try to get down to 100 thousand shares:))
nf