cannot be ignored, page-2

Good to hear someone still follows Kings Bolkin.
Forgotten but not gone, far from it imho.
$10.2B of ore in the ground atm if you combine Cerro del Gallo in Mexico (world-class Au, Ag and Cu tonnage of around 650Mt ATM and more to come) and then there is Kalman (70%) near Mt Isa, looked on as one of the richer Mo orebodies around with precious metal Rhenium as a by-product. So KMN has both a huge tonnage project as well as a high grade one, the best of both worlds required to make them viable. Sure I know they're not a producer yet, but a scoping study and re-evaluation of drill cores is underway for Cerro del Gallo with possible production in 2010. An initial mill with a throughput of 15Mt pa is envisaged and it wouldn't surprise me if that became bigger, given the amount of ore they're sitting on. One other interesting fact is that the AGM at the end of November is set to RATIFY the issue of 24M shares to "sophisticated" investors at 55c per share. Correct me if I'm wrong, but to me that shows there are ppl out there who have faith in KMN actually getting these projects up and running.




Please DYOR, I failed Crayons 101.