RE:RE:only one more hour to get to 6.0 for KNTNFall oz are not the same. knt expanded pea was $2 billion npv for 2.6 million oz gold produced @1900 gold. if the pea included 10 million oz then that is 4x the oz and the npv would be approx 4x higher. knt market cap would then be worth $8 billion or $37 per share. (not including porphyrys)
cyber37 wrote: What is KNT worth as per back of the envelop estimate? Well, John Lewins pointed out in one of his interviews….”proving a potential of 10 million oz puts a target on your back”. I came across few mining acquisitions and going rate was ~ $180/oz of reserves in the ground with gold trading at $1600 to $1900/oz. So, with 213 million shares KNT should be worth (10 million x 180/oz /213 million shares => $8.45/share). This raw estimate gives me a bit of a comfort factor in holding my KNT position with shares trading today at $7.35/share. (I'm not into any of the 'established indicators' like P/E, NPV @20 etc...I leve those for so call analysts that are predicting gold at $2000, $3000 or even $5000/oz...idiots).
G37