I get worried when a company doesn't release info and the share price stays stagnant or falls. Junior miners leak like sieves but in the past five days, KRM has smoked the other gold producers (including MML).
KRM disclosed a JORC compliant resource of 669k tonnes of ore (@ 8.44 g/t) in their March quarterly. Not huge, but good grades and it has a few nearby exploration targets.
My major concern is that their exploration doesn't turn up anything. Given the grades they have been hitting lately its a risk I'm willing to take. Startup, especially in a place like Indonesia, is also a worry but their costs should be low enough to help cushion this.
KRM Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
