languishing miserably, page-5

really I think many a ex NAV holder needs to get over the tie yes KRE have many of NAV's mgmt on the board etc but this is because NAV stills owns 75% of the cummins range an are the biggest shareholders
But remember the guys that will drive KRE into be a successive REO play is

Tim Dobson
Geoff Collis
Michael Chan

(they have never had anything to do with NAV running)


now their latest drilling shows CR it to be open to the NW SE directions as well as infill so growth in size of the easy to open pit deposit should be a given at this stage how much will be the key currently it's value to KRE is zero

then you also have the Malilongue REO project in Mozambique which will add another dimension into the heavy's

I also like the fact that with 15mill in cash we won't be needing to raise any cash in 2012 esp at this stupid low levels market values KRE 11-12mill

KRE will stay as a long term buy for me an if I any more spare funds I would like to increase my holding to 500k