KRM 2.94% 3.3¢ kingsrose mining limited

Ann: Boardroom Radio presentation 19.7.11 , page-2

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  1. DSD
    15,757 Posts.
    Just listened to BRR broadcast. Confirms most of what mickm. has noted. The short term future is VERY +ve. Plenty rich veins being drilled. Cash costs of prod for FY12 are $25/oz. Expect EPS of 16c which puts KRM on fwd PE of 8.53. MD notes prod could easily be expanded to 100k ozs/annum. THAT would see PE drop to about 5. Not bad effort. Strong BUY imo.
 
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