KGM 0.00% 1.3¢ kalnorth gold mines limited

Ann: Underground mining for Lindsay's , page-3

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  1. 3,205 Posts.
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    Yes, George. These guys are like watching my fingernails grow. John Mc did the underground at NQM. He likes the fun of mining higher grades underground and filthy nice margins.

    My prediction is, eventually, KGM will have the 4 mill resources and 2 mill reserves and mine 100k oz a year at huge profit for 20 years.

    Well, I have had a bit of wine, so maybe I exaggerated. Let us go with 2 mill resources, 1 mill reserves, 50k a year produced for 20 years, and moderate profit.

    The great thing about the tennaments is the are green fields and the gold is everywhere... not bonanza, but you just need a guy with a brain and a plan to get it out.

    Good luck to you and me George. And the other guy who owns shares.
 
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