RE:News today
Mining in Mexico is quite good, the government increased taxes but getting permits and people support has been good. KTN is not for everyone. The already have a solid near surface 90-100 M oz of silver at decent grades which value the silver at 25 cents an oz. Then they still have numerous holes that were not part of the last resource estimate. Then they have proven with the last 23 holes that la Negra hill has even more potential than the first area. Intercepts are huge. And KTN owns the whole area, literally a potential for hills of silver, a few hundred Million oz. At 27M market cap, they already have a major shareholder Agnico in in the 70 cents, prior the latest discovery. Obviously, current exploration stock and price of silver is not motivating investor to buy KTN. Another miner could like Agnico or First Majestic very present in Mexico but I hope not. Someone that buys KTN now believes that the price of silver will go back up eventually, and also that la Negra will be as huge as Promontario...likely in my humble opinion...If these 2 events become reality, KTN will be a 2- 5$ Bullion investment can also be good, but a different type of investment!!! Sorry if I don't write as well as Nopoo!!