well, that was surprising, page-4

Hi all,
Today's lift in share price by 4c and on high volume looks like the announcement
of recieving the Forestry Permit and the resumption of mining and processing is close.

Once we are back in production the fundamentals should click in and see the share price
retrace quickly towards $1.

The speed of this retracement will depend, IMO, on how quickly KRM can access the higher
grades.

The forecast of 40K ozs AU over the next year is very conservative, IMO, and is likely the lower end of the range.
The top end of the range would be, IMO,:

- production rate *:.......................400 ton/day (146K per year)
- grade:..........................................14 gr/ton incl silver)
- Annual rate of AU :.....................65K ozs ( forecast 40K ozs incl AG)
- all up costs....................................$650/oz #
-POG...............................................$1450/oz AUD ( I assume over the next year)
-NPAT:............................................$ 52 mil
-KRM share of 85%.........................$44.2 mil
-No of Shares:..................................356 mil
-EPS:................................................12.4c
-SP @ 10 P/e...................................$1.24


Risks on upside: - mine/transport/plant capacity of 500 ton/day - combined AU-AG grade could lift to 18 g/t - POG could lift to $ 1600 AUD/Oz.

Risks on downside:- another mine accident - Indonesian regulatory problems - mine problems lowering grade/volumes - crushing/grinding/leeching problems - weather/geological issues. - POG dropping under $1400/oz.

Cheers and good luck to all long term holders.

Moorookamick

NB: The above is all IMO only, so please do your own research and seek the advise of a licensed financial advisor before making any investment decisions.

# KRM will not likely pay tax this comming year because of costs accrued over the past 2 years.
* The mine hoist has a capacity of 500 tons/day and the plant can be upgraded to 500 ton/
day for a cost of $2mil. The three haul trucks have a capacity of 500+ ton/day capacity.
MM