KMN 4.00% 12.0¢ kings minerals nl

san anton, page-6

  1. 683 Posts.
    Bruce,

    What are your predictions for the SP when Kalman results are out? I firmly beleive that the $1.00 will be broken and it could go for a very large run indeed. It has only had a minor pullback from the recent high and is doing very well holding in the mid 80's, everytime you think it could crack it doesn't and manages to easily hold.

    Have you read the article in Resourcestocks on Kings last December? Dudley is quoted as saying "we are almost certainly going to be a huge producer of moly at a world class level" - this comming from a very cautious management team who declined to comment on the NZ Geo's report of 40+ Mt 1-2% CuEq when I asked him at the presentation (personally I think they smash this easily)

    Neither himself nor any other industry figurehead had seen Molly at these grades and widths. As I said before, the only thing we are uncertain of is the tonnage at Kalman. I beleive that the assay results comming out soon will be massive and finance isn't an issue with plenty in the bank.

    The 70 million shares held in SNN @ market price could bring this little beauty into production in no time with heaps left over. Realistically we could be talking less 2 -2.5 years

    I think these guys have a plan, their experienced, they've done it before with BSG, except Kalmans the golden egg they've been searching for all these years. I think they will wait until SNN climbs significantly higher too offload their holdings and then use the proceeds for Mt Isa

    Cheers to holders,

    Jooooooles
 
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