I guess the reality is, KRM have one operating mine which has...

I guess the reality is, KRM have one operating mine which has taken some time to sort out issues in production and water ingress, but has a very rich reserve. Additionally they have a large exploration area with further targets. Their financials are good, with 105 Mil total Assets versus 20 Mil total Liabilities @2015.

Once the mine production ramps up and the deeper shafts and haulage tunnels are constructed, the G/t yield from this reserve could pump up the value of the stock. They are by no means an NST which could still be a good buy even at their rapid growth. Id say a few announcements around the water issues would probably put investors minds at ease a bit, which given this issue, suspension of Way Linggo and a few worker deaths  a few years back, is what is causing people to hold off at the moment.