ouch, page-9

hi Willpies

what is KRM worth to me? i am not sure. i do not know the company very well but try to keep in touch a little because i hold OKJ, which has 1/3 of its assets in KRM

KRM keep touting their exploration upside but, on this, they must deliver big time, imo, for KRM to breach $2

OKJ believe KRM is a $3 stock but on what i have briefly looked at i have my doubts

it seems Way Lingo can produce 30,000 oz pa but it also seems its mine life at higher grades has a further 7 year mine life based on current JORC

then Talang Santo at 20,000 oz pa has say a 7 year mine life based on the current JORC

so currently, based on $500/oz costs, $1,500/oz gold and $30/oz silver, i value KRM at $1.00 to $1.20 per share

currently KRM have around 400,000oz of gold and, imo, they need to find another 600,000oz to become a $2.50 stock

personally, my opinion is KRM is fully valued for now

regards