In 2011 at $1900 gold, Zijin paid $66 million for TBL"According to a news release published by Zijin Mining Group Co. Ltd. on August 15, 2011, the national resources table of Kyrgyz Republic stated that the Taldy-Bulak Levoberejny field contains (C1 plus C2) 8,906,100 tonnes of gold ore (the average grade is 7.23 grams per tonne), and the gold metal volume is 64,420.5 kilograms, among which, the C1 grade (initial mining reserve) is 4,949,754 tonnes of gold ore (the average grade is 7.02 grams per tonne), and the gold metal volume is 34,754.6 kilograms. The TBL mine is designed to produce 125,000 ounces of gold per annum. The TBL mine deposit directly connects to KMC's initial drill target, the south zone, which was previously drilled by the Soviets."
Accordingly, I believe KEN is expensively valued at current share prices. I believe Zijin may buy KEN in 10-15 years, knowing themselves that no other party is going to be interested in Kyrgyz.
I believe this is on the main a promo story from the same team as K92. These guys seem especially good at lining their pockets.
Thoughts?