Hello All,
Could we please reserve this thread to CKA forward fundamentals & likely future share price.
Other threads have ample room for those with rear view mirrors.
Let's begin with the NPV of 51c/share . (Mkt Cap of $347 mil)
How can the share price get there and how long will it take?
We have:
-266 m/t of high quality PCI
-cash running low
-debt converted to production royalties
-strip ratio of about 5:1
-COP high now due to low production levels but expected to stabilise later at about $70 USD/ton.
-PCI worth about $130 USD FOB
-initial production 8K t/mo
-production later 50K t/mo
-other tenements at early stages of exploration/development
IMO: We should see a 40c share price by 2021
In the interim (IMO) we should see the share price moving upwards with production milestones and corresponding sales , so my shot at it is:
July 2018.............10c
Jan 2019..............15c
July 2019.............20c
Jan 2020..............25c
July 2020.............30c
Jan 2021...............35c
July 2021..............40c
Re 51c/share............your guess is as good as mine!
All of this is IMO only and the thread is meant encourage conversations on CKA looking forward rather than looking backwards.
Cheers
MM
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6.3¢ |
Change
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Mkt cap ! $113.2M |
Open | High | Low | Value | Volume |
6.3¢ | 6.5¢ | 6.3¢ | $8.138K | 128.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3304 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.6¢ | 18500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 448198 | 0.068 |
2 | 350000 | 0.067 |
4 | 442727 | 0.066 |
4 | 575000 | 0.065 |
1 | 200000 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 84327 | 2 |
0.071 | 386714 | 2 |
0.072 | 133526 | 2 |
0.073 | 275000 | 2 |
0.074 | 150000 | 1 |
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