Post by
4CommonSense on Apr 16, 2023 11:45am
If --- you run the "numbers' - the price is low
Based on the expected mine life of 11 years, using very conservative assumpitions about AU and Cu pricing, AND assuming it will take 4 years to ramp AU production up tp 300,000 oz/yerar with a an average $1900 /oz for AU, and the cost estimates provided by KNT - the stock would appear to be underpriced at the current level.
,
Yes -this way of guessing current and future price is an estimate: timing, the assumptions and unforeseen events are always an issue - but -- there is a substantial margin of safety re: using a Graham approach. The analysts opinions- for what they are worth - also see the stock as a hold or out perform.
There is a substanilal chunk of the claim that is unexplored: only a smal part of the total claim has been drilled. The possibility of a additional high grade reserves exists which would extend th mine life.
so - it you are prepared to take reasonable investment risk on a juniotr miner- accumualte
Comment by
goldstd69 on Apr 16, 2023 7:00pm
Does it appear K92 is on sale??