ouch, page-15

The fundamentals of KRM are improving monthly but like Medusa
a few years ago, most investors don't understand the nature of
narrow seam UG mining versus that of open pit.

Narrow seam UG miners usually prefer to open the mine early and
chase the seams UG rather than spend millions on JORC drilling
just to prove reserves and mine life. It all about the economics
of the operation.

KRM is in a good position because:

(a) It has lots of cash in the bank (a good thing in a market like this)
(b) It's paying a divvie (only seven others do)
(c) It's grades are very good (in gold mining, grade is everything)
(d) It's costs are very low & no gold hedging
(e) A realistic policy of self funding from cash flow
(f) Specialist board and management team in narrow vein UG mining.
(g) good growth prospects with Taland Santo opening and possibly a third
mine soon

I realise that KRM is a small cap but I'd prefer a profitable small cap with
low costs any day to a large cash burner.

With kind regards
Moorookamick