At these prices its a give away. Virtually at cash backing so the projects are free (as well as being free carried). I get the feeling the market is worried about KMN's ability to raise new funds in this environment, but would think if the project stands up, it will be funded. Wouldn't be surprised if Ivanhoe or someone similar took an interest.
Some interesting assays awaited at Kalman. KMN mentioned more massive sulphides from some holes which were deeper than 106-A.
SMD Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
