What is KCL worth today?
Hello folks, I just bought in a few days ago, seeing the break-out coming on the chart. Wouldn't be surprised to see the stock back and fill here for a while, at these prices, after the recent gains. I was wondering fundamentally what KCL should be valued at today.
I was doing some back of the envelop calculations for myself, thought I would share them with the board.
KCL, according to their 43-101 has:
36.8 Mil Tons Indicated
360.4 Mil Tons Inferred
Current Potash prices $375 per ton
Let's just take the indicated since we know it's there.
36,800,000 X 375 = 13,800,000,000
Let's take only 10% of what is in the ground:
13,800,000,000 X .1 = 1,380,000,000
Dividing by 40 mil shares outstanding:
1,380,000,000 / 40,000,000 = $34 per share
**Now, I have not included the inferred numbers in the above calculations because we don't really know they are there. But just for fun, if one was to include the inferred values in the figures, the share price of KCL should be $372. That is of coarse valuing only 10% of what is in the ground.
Please let me know if I have miscalculated anywhere, all inputs appreciated.
