KMN 4.00% 12.0¢ kings minerals nl

current mc to oz au value at 9.35 bucks, page-7

  1. 421 Posts.
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    After reading your post on the metal value in the ground for KMN at San Anton in Mexico, and at Kalman near Cloncurry I wish to point out a major error in your calculations of Kalmans current Moly value. I think you will find that the Moly resource at Kalman should read A$2.1684Billion and not the A$216,840 quoted which adds almost $2B value to KMNs total metal resource valuation.
    I felt I had to correct this error due to what I believe is an ongoing poor understanding of molybdenum the metal, and also of the relatively very high grades of moly being discovered by KMN at Kalman. The Kalman resource also does not yet include a value for the recently discovered high grade rhenium associated within the moly zones at Kalman which I estimate will be at least A$600 to A$700million. I believe that should KMN prove up any substantial extensions to the Kalman resource to the north along the fault offset recently discovered, a substantial re-rating of KMN and Kalman will very likely ensue. Either that or the Company will be taken out by one of the majors. Due to the recent dramatic decline in KMNs sp we all certainly need some more positive exploration or development news from the company.
 
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