You are definitely not downramping - I for one appreciate the fact that you highlighted these points. Made me dig a fair bit deeper overnight.
I still dont have doubts that KBL will be able to clear their short term debt hurdles, both via organic cashflow and capital raising. The one real problem I see moving forward is that there are LOM limitations in mineral hill. They are small deposits and I dont know that they would get more than 4-5 years in total out of it at a moderate rate of production. Targeting less than 1Mt across the board... Without extending the resources or picking up more tenements then growth will be limited. Leaving only Sorby.
Kinda raises the question - why spend do much on the plant if the resources are limited in size and life?
KBL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
