GOLD 0.51% $1,391.7 gold futures

a gold stock that promises preformance

  1. 3,798 Posts.
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    Now that Kingsgate has gone past $2.10 it has obtained a Market Cap of about $150 mill+.

    This is a critical level for the heavy institutional buyers,-should they be looking for first class returns they have it here.

    It is estimated from the last Q results that KCN will turn a profit,yes a profit that is tax free of min $aud 40.0 mill. i.e. about 60 c per share.

    The directors have said on several occasions that they will pay a generous div. One could expect a div of 30c/share in a full year. Expect 15c this year about Nov from the first full 6 months production.

    The graph below is from my last posting and will be updated later. The trend up is acclerating as it is now past the $150mill level.

    Some more mature companies sell on x20 p/e
 
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