bottoms in, page-12

malay, fancy seeing you here too hahaha, we both seem to be following the same stocks!

i hate to do this again, but this does remind of saracen (SAR) quite a bit...

SAR poured first gold in January, and took the next several months before starting to rise rapidly...a quarter or two of announcements declaring on-track production and low cash, plus elevation to the ASX300 and increasing coverage was enough to give the price a good kick up the bum.

Saracen has a much higher production target, targetting 120,000oz of gold this financial year, HOWEVER, their cash margins per oz was only $602 (after costs and royalties).

At current gold prices, KRM would probably have a margin of at least $1,200 per oz, and due to the convenient fact that they produce in Indonesia, not Australia, are not subject to Aus mining royalties (and the MRRT either).

Kingsrose looks like irresistible value right now.