KRM 2.94% 3.3¢ kingsrose mining limited

Ann: Way Linggo Project Update , page-4

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  1. 7,501 Posts.
    lightbulb Created with Sketch. 165
    We all knew that production would be impaired for FY 2013
    due to the stoppage and the migration from Way Linngo to Talang Santo and the market, IMO, has over reacted by marking down the SP from $1.20 to 60 odd cents.

    I have spoken to the company this AM to qualify the ann. and the company seems confident that once back in production that the higher silver content (up to 3600 g/t
    will adequately compensate for the initial lower AU grades.

    3600 g/t AG is more than 70g/t gold equivalent which is by anyone's measure getting close to a bonanza.

    3600 grams is about 115 ozs @ $28/oz is $3220.....not bad
    for a ton of ore.

    Cheers
    Moorookamick
    PS: I,m accumulating at these prices.

 
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3.3¢
Change
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Mkt cap ! $26.37M
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3.5¢ 3.5¢ 3.3¢ $6.507K 193.2K

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3 320000 3.2¢
 

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Price($) Vol. No.
3.3¢ 151333 1
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