KRM 2.94% 3.3¢ kingsrose mining limited

Ann: Way Linggo Project Update , page-13

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  1. 7,501 Posts.
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    Hi Z,
    Page 1 of the Quarterly report says:

    " Production at Talang Santo expected to resume in November with accelerated
    ramp-up scheduled to hit targeted annualised rate by the end of the March Quarter."

    I guess that since the result of the inquiry and resumption of Talang Santo
    mining is price sensitive, that there will be a prompt ann to that effect.

    IMO when both mines get to optimum production we'll see the plant
    running at close to its 600 ton/day capacity.

    If we assume a modest 10 g/t average throughput, this would be 70K ozs au p/a without silver.

    Given the prospects for gold and silver over the next year, the company could plausably have $50 mil in the till by March 2014 and a resumption of dividends if it can avoid any further black swan events.

    With kind regards
    Moorookamick
 
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