KRM 11.8% 3.8¢ kingsrose mining limited

production costs unbelievable!, page-17

  1. 7,501 Posts.
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    MML skeptics were saying the same thing about Medusa
    (KRM has been referred to as a mini Medusa with its narrow seam UG operation) 18 months ago
    and look where Medusa has gone in the interim.
    Given the current high price of gold and KRM's sub
    $100/oz cost, and given the industry addage that "grade is king", KRM should move along once it gets further drill results and a clear quarter of full production.

    I know that drilling narrow seam at depth is a difficult & expensive process but given a grade of 18g/t. the rewards
    are huge.

    Moorookamick
 
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