If KRM can access these rich veines soon then rather than the...

If KRM can access these rich veines soon then rather than the production rate
by June being 40K oz/pa as forecast, the overall grade should be lifted to at least18 grms/ton which would lift annual production to 60K ozs/pa or an increase of50% with the same overheads.

This is a golden opportunity for the new CEO to make his mark.

Cheers
Moorookamick

PS: The new sum should look like:

-300 ton/day x 18 grms/ton = 63,376 ozs/pa
-or NPAT of $44.36 million or about 11.67c EPS
(SP of $1.17 based on a PE of 10)

OR:

If KRM spends the $2mil in upgrading the plant to 400 ton/day throughput
the figures would look like:
-400 ton/day x 18 grms/ton = 84500 ozs/pa
-or NPAT of $50.7 mil or about 15.56c EPS
(SP of $1.56 based on a PE of 10 )

Silver alone @ 626 grms/ton is equivalent to 9.5 grams/ton of extra gold !

Suppose KRM only mined the richest vein for a month
(200.47 g/t AU & 614.42 g/t AG...equivalent to 209.92 g/t AU...)
this would give us 60,748 ozs for a month only production.
This is a bonanza vein in anyone's language.

MM