Ann: Sulphuric Leach Project Focus, page-14

I commented on another thread that basically they should hold of on the Gold or even consider selling it off if possible. There have been a couple of good gold hits, but compared to the multi metal play at Speewah I personally really wonder why bother with the gold.

The multi metal play at Speewah is where it is at for me. IMO they will slowly be able to reveal more and more information including significantly reducing capex and opex and further recovery of additional high value metals.

My very basic strength assessment below

Look at the strip ratio, is there any better
Look at the concentrate of V
Look at the synergies with fluorite.
Look at the location
Look at the life of mine! WOW! tell me that isn't of national significance.
Look at the potential metals recovered
No native title.
Look at the governments direction for critical elements.
Look at the potential for skilled labour available from other mines. (from memory)
We will have our own process with no royalties

What KRR need to do is keep a laser like focus on delivering according to the schedule and bring in a strong JV partner and then land some off take agreements.

Again I ask what would be an estimate of the capex and opex to get the fluorite up and running and the the recovery rate from the 800,000tpa processing at anywhere between $450-600/ton.

All IMHO.