quarterly report 4qfy11, page-3

Thank you dan69 for the post.
I agree that there was nothing really new in the quarterly report.

We knew that the SAG mill installation had been delayed.
The reason was as per the ann. that the containerised fitting kit was held up at Indonesian Customs.
The cash in the bank was a few mil lower than expected.

The prospects of the company over the next year
are the same or better with a forecast EPS of 16 cents /share.
Personally I think that this is a conservative EPS estimate made by a new MD and that we will see serious
amounts of product being poured come the end of Sept..

Given the high production rate of silver & the improved silver price, my estimate is about 20 cents EPS.


For an emerging gold miner this accumulation of cash in the bank and no debt is great news and reason to look forward to the company hinted dividend by Christmas.

Cheers
Moorookamick

PS: Are any shareholders going to the KRM Market Briefing in Sydney on the 10th Aug? MM