KBL 0.00% 0.1¢ kbl mining limited

Could be positive news, page-24

  1. 1,125 Posts.
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    We are operating in an environment where everything needs to be checked thoroughly for accuracy:

    mine has 9 years life - from when? does this include Pearse North?
    "clean balance sheet" - what on earth does this mean?
    two guys and a gold bar - is the CIL plant up and running?
    gold at AUD 1800 - maybe a tad optimistic
    much talk about revenue - what about the cost environment?
    if costs are not a selling point then we are not actually being fed proper information - something is being sold
    if something is being sold then we are listening to a salesman and not a true journalist
    Sorby Hills - Diggers and Drillers doesn't mention that it is 75% JV - one has to scrabble around to find this out.
    - what is JORCed? everything (as sort of suggested) or just Stage 1?
    - it appears that only Stage 1 has been approved - why doesn't D & D mention this?

    ... and beware of undisclosed liabilities - here BMF liabilities ran BBMB into the ground, but not a squeak in any BBMB annual report about the liabilities.
 
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