Q: could you give your opinion on KRR and future growth .Would you buy it here and could it be a takeover candidate?
Are there any other small gold companies that you like and are not yet "discovered" by the investors.
Are there any other small gold companies that you like and are not yet "discovered" by the investors.
5i Research Answer:
We still like KRR; at 18X earnings it is not cheap, but has a solid balance sheet and good growth is expected. EPS is expected to triple this year and nearly double in 2024. It is generating decent cash flow. Production rose 48% in the first quarter. All-in costs are US$1,213. OK, but could be improved. CXB has not exactly been ignored but even after big gains this year it remains very cheap on valuation.