KRM 2.94% 3.3¢ kingsrose mining limited

Ann: High Grade Assays Confirm Second Ore Body at Talang Santo, page-3

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  1. 3,971 Posts.
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    Hi Hereandnow and all,

    I agree they are spectacular results and we should expect to see some good runs on the board over the next couple of quarters. Also having a second ore body should contribute to a more even ore flow to and through the plant and should give some good continuity.

    I also commend Mr Scott Huffadine for making this information available to the market sadly in the past we have not had a good consistent flow of information. Let’s hope that Mr Huffadine is going to continue his supply of information from the mine site at regular intervals as I firmly believe that informed shareholders are in general content shareholders.

    No doubt many lessons have been learned over the last twelve to eighteen months and I am sure that attention to such details as permits and other required formalities will not be a problem going forward.

    With due consideration to production costs, safety issues and worlds best mining practices with the kind of Gold grades of 30.6 g/t despite that pesky Silver contaminant I dare say shareholders will have something to smile about around Christmas time.

    Whilst I am sure the NY boys will keep Gold under the $1,300.00 mark for the July options close out, my personal view is that after the Silver price fixing market ends in mid-August Gold may not be far behind it. Given that and the ongoing money printing out of fresh air in the USA, Japan and now Mario and Europe threatening to join in I can only see this as positive for the Gold price.

    copyright link/finance/personalfina...53409/Is-it-time-to-give-up-the-gold-fix.html

    By the way I just finished reading Jim Rickard’s book: “The Death Of Money” and recommend it to those people that have had the foresight to protect their future purchasing power with the insurance of physical Gold and those companies that can produce it cost effectively.

    Cheers and very best regards: Andy
 
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