what on earth?, page-3

The market does not treat narrow vein gold miners as well as open pit.

Take MML for example (KRM has been touted as a mini MML because
of narrow vein mining and common major shareholders/directors & ex mine manager).
MML had problems early on convincing the market that it was very
profitable. Conservative investors prefer to see high JORC resource with
corresponding long mine life.

Because of the nature of narrow vein geology, it is more efficient to simply find
the veins ,mine early and follow the veins underground rather than spend
millions on the difficult task of JORC drilling these narrow veins.

KRM's strategy is to drill new sites sufficently to ascertain if a new mine is viable.
They did this successfully with Way Linggo and Talang Santo (now comming on line) and now they think that they have located a third mine site.

So long as the money keeps comming in and KRM keeps paying a reasonable dividend, long term holders have no worries . As with MML, the market will eventually cop-on and then we'll get the capital gains.

With kind regards
Moorookamick