KMN 4.00% 12.0¢ kings minerals nl

current mc to oz au value at 9.35 bucks

  1. 447 Posts.
    Current MC about $80m

    San Anton new resource is 654 kt Cu, 4.5 Moz Au, and 202 Moz Ag.

    With Cu @ 8250 tn, Au @ $880 oz, Ag @ $17, current IGV of San Anton:

    Cu = $5,395,500,000
    Au = $3,960,000,000
    Ag = $3,434,000,000

    Total = $12,789,500,000 IGV
    $12.8b into gold at $890 = 14.34m oz au equiv.

    Add in Kalman:

    The Inferred Mineral Resource estimate contains a total of 172,200t Cu, 27,800t Mo and 250,900oz Au. (Mo @ $78 kg, $7800 tn)

    On current prices that is:

    Cu = $1,420,650,000
    Mo = $216,840,00
    Au = $223,301,000

    Total IGV = $1,659,820,100
    In gold oz = 1,864,966 oz au equiv

    Now add in to the previous oz au equiv for San Anton:

    6.7m oz au equiv +
    1.85m oz au equiv

    = 8.55m oz au equiv

    New MC to oz au equiv is:

    8.55m oz into $80m MC = $9.35 an oz au equiv

    Is there another metals miner out there cheaper?



 
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