Ann: Revenue Generation Recommences-KBL.AX, page-96

$40-$50M

Creditors $10-$15M, KBLGA notes $11.4M so $49.6M-$44.6M

When the Quintana deal was announced I dropped my estimate of KBLs value from $90-$100M to $40-$50M

At the time KBL went from being possibly forced into liquidation by KDR/ Capri Mining to being a company with a future. Well done KBL management, even though without KDR/Capri trying to exercise the security on the Mineral Hill mine financing on better terms would likely have been available.

DYOR