A Simpler Way of Looking at it25 Nov 2017 14:05
I'm not as clever as gmcc
So market cap �9.61m
In A$ value of KRS is $A16.57 M
Assuming Peformance Shares, and why invest if you don't, and as KRS owns 48% of CAI this values CAI at $A34m
Now there is $A11 cash in the bank
If therefore the new resource is say �1m oz you're paying $A23 per oz
Seems cheap to me
Not much conglomerates built into that price!