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4.00% 12.0¢ kings minerals nl

Thanks beastHowever the 4$/ton cost seems low?Also you forget...

  1. carimakan
    31 Posts.
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    14/11/08
    16:57
    Post #: 4499982
    Thanks beast
    However the 4$/ton cost seems low?
    Also you forget non cash costs(depreciation)..........hence it wont be making 20M profit.Assuming capex of 400M and 15 yrs straight line depreciation ---non cash cost is ~27m /yr
    So I am still skeptical about its minability.
    KMN Price at posting: 7.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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