KBL 0.00% 0.1¢ kbl mining limited

They are putting all their effort into getting Mineral Hill back...

  1. 351 Posts.
    They are putting all their effort into getting Mineral Hill back into production. Triako resources had the mine on care and maintenance and KBL bought it a few years back. The mill cost $70M to build (1990 pricing) and $30M has been spent by KBL on enhancing it. Since April it has been running smoothly, except that the central Australian heavy rains washed out the haul road from the current open pit in early June causing the SP to drop from 1.5c to a low of 0.4c

    Currently this is earning about $1M+ per month. When they have sorted themselves out at Mineral Hill, then they can develop Sorby Hills. The largest undeveloped Lead and Silver project in Australia. It has a multi-decade life.
    Last edited by billc3012: 18/07/16
 
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