KRM 5.56% 3.4¢ kingsrose mining limited

Ann: September 2017 Quarterly Activities & Cashflow Report, page-4

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  1. 1,036 Posts.
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    It does look like a solid quarter, with total production costs around 950 US$/oz and an increase in net liquid assets by 3.5mA$.

    Expanding the open pit at Way Linggo sounds like a sensible idea, as well as developing an open pit at Talang Santo to recover the remnant resource from the upper levels.
    Those two together should provide cash flow at current rates for a couple of years (POG permitting), before accessing the lower levels at TS becomes a necessity again.

    It will be interesting to see where the SP is, once the shares resume trading on the ASX.
    It is now about time for that to happen.
 
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