Bigger King of the Hills worth the wait: Canaccord

Red 5 shareholders have a two-year wait for cash to flow from the company’s significant new King of the Hills gold project in Western Australia, and one investment bank's suggestion is the wait could be worth a lot more if Red 5 shows in its upcoming final feasibility study how much the asset’s growth prospects have improved since its 2019 prefeasibility.

Bigger King of the Hills worth the wait: Canaccord Bigger King of the Hills worth the wait: Canaccord Bigger King of the Hills worth the wait: Canaccord Bigger King of the Hills worth the wait: Canaccord Bigger King of the Hills worth the wait: Canaccord

The company aims to build a new plant to establish KOTH as a standalone, 140,000ozpa-plus producer with at least a 10-year mine life based on 1.5Moz of reserves and a 4.1Moz resource base.

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