Kaiser Reef Ltd (ASX:KAU, ASX:)'s Jonathan Downes sits down the Proactive’s Elisha Newell to explain the value proposition of the company. Downes highlights several advantages Kaiser Reef has over its peers including the low number of shares on issue and the healthy cash position, which points to an enterprise value of around $15 million. Kaiser Reef is also one of Australia’s highest grade gold producers at 14 grams per tonne recovered. The KAU managing director speaks about the current drilling program at the A1 mine where it has just received encouraging gold results, including bonanza grades. KAU is targeting high grade lodes which are key to the ongoing development and expansion plans for future production. To cap things off, Downes highlights KAU’s 100% ownership of its mining fleet, processing plant and the mine assets, which that make the company an “outstanding value proposition”.
Kaiser Reef continues to enhance its value proposition
