KMN 4.00% 12.0¢ kings minerals nl

Here's a tasty exert from the chairman's letter in the Annual...

  1. 165 Posts.
    Here's a tasty exert from the chairman's letter in the Annual Report:

    Also your Board is very excited about the Rhenium grades of the deposit. Rhenium is very much a 21st Century metal.
    Its primary uses are in catalysts, jet engines resulting in improved fuel consumption and lesser carbon derivative
    emissions. The current price of $12,250/kg is the result of a steady increase, almost doubling, over the last year. The latest Kalman resource contains 72,350kg of Rhenium.

    I've got my calculator handy, and done the sums: this adds up to $886,287,500. With 394 million shares on issue, that's a 'per share' gross value of 44.5 cents....even before you calculate the gold and copper values.

    Plenty of other projects too....hopefully some more results should firm up the capitalisation to where it belongs.
 
watchlist Created with Sketch. Add KMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.