Ann: Talang Santo Resource Upgrade , page-8

As an investor I do care about last year's results because they give me data
on which to base forward earnings estimates.

Kingrose's 2012 Full Year Result said:
"Kingrose remains on track to meet its production target of 40,000oz of gold this financial year."
The 2012 Full Year Results ann 7th Sept said "Kingsrose remains on track
to meet its production target of more than 40,000oz of gold this financial year.
The elephant in ihis statement is "more"

The 11-12 fin year produced 37,650ozAU & 432,754ozAG.

Everything else being equal, this means a lift of 6.24% for 2012 fin year

This is very conservative IMO because:
(a) June qtr was 23,305 tons @ 10.9au & 178ag
( 8763oz AU & 100,427oz AG)
(b) Telang Santo is comming on line
( I expect that TS will add 200ton mill feed/day at an average of
11.2grAU & 34.1gr AG - see figure 2 level 3 2012 report)
Based on say 8 months TS production this financial year
this should yield 17,430oz AU +53.068ozAG
Now let's assume that Way Linggo drops off by say 10% (" reductions in
the tonnages from a more mature Way Linggo mine".)

Next June's result, IMO should look like:

51,000oz AU + 440oz AG.

If the pog & Silver remain about $1650 AUD & $33 AUD respectively then
revenue will likely be $98. mil or an increase of 38.%

Now lets suppose that NPAT is also going to lift 38% and that the SP will
also lift proportionately this would give a SP of $1.72*

I know that there are many iffy assumptions in this guesstimate but for me it is enough at this stage to hold the stock.
Cheers
Moorookamick

*This assumes another 4c divvie.