Obviously, the cap raising, was cash to survive for a while. I am disappointed not all big holders took up the raising. I am actually confused by that. But I guess they have enough to survive, say six months.
So.... what is your next step. Mine.
1) I am looking to place the rest of those 1 cent shares - to extend the survival from 6 months to a year
2) I am looking for any way to extract some gold at any profit; if any of the resource heap leachable (one study two years ago on one part of the resource was 'inconclusive' (I think that means NOPE); even if you only got 50% recovery from some leach operation - could you generate any cash
is there any, any small, high grade pod that CAN be trucked to Saracen, even if only for a few months; if you look at the past quarterlies over HALF the gold cash flow was for processing and over HALF for trucking (hence it was a loss making operation) - but they did have a few million dollars of cash from sales
3) as the current plan exists - see if there is any type of demountable plant that can be moved around; you save processing costs to Saracen and trucking costs; does such a plant exist
4) drilling dollars have to be spent so, so wisely; I am drilling in two places: a) to prove, extend whatever is the most possible place to prove a high grade POD and b) a tiny pittance on pie in the sky drilling (sort of a lottery in some part of the land holdings)
So, my plan is to survive 6 months to one year on cap raising. Try to survive year 2 on some, any small production from some high grade pod. Try to survive years 3+ onwards with this demountable plant.
By then gold will be back over $2000 and KGM shares will be back at 50 cents to $1.
KGM Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held