Kinross' Cash Value Kinross' share value is far lower than I ever thought it would fall. Where is the bottom ... ~ $3.67 CDN at the time of posting? I am not sure, but I find some comfort from a review the last quarterly financials and look forward to Q32014 results at the end of the month.
With reference to Q22014, I see comfort in the net current asset value of Kinross totalling $1,858 million (nearly half of which is cash). I further see comfort in the net cash operating position of Kinross - some $210 million of Q22014. Transferring these amounts to a per share value is helpful.
- Current assets represents more than $2.12 per share;
- Net current assets represents more than a $1.62 per share;
- Net cash flow from operations (annualized from Q22014) represents more than $0.72 per share.
Viewed another way - is Kinross's reserves, long-term assets, and operating value worth only $3.05 ($3.67 - $1.62) per share? I think not.