Hi Andy & all,
The recent announcement that there is 8500 ton of ore sitting outside Talang Santo
ready to be trucked down to Way Linggo with a grade of 13/g/t AU is great news
and will kick-off production with known grade. Way Linggo grade also averaged
13 g/t ish.If they put through this stockpile at plant capacity ( which I suspect they won't)
then we could have 4700 ozs of gold worth $6.7 mil in 3 weeks not to mention the silver.
JORC diamond drilling indicated that the average grade for Talang Santo as being much
less, but like Way Lingo diamond drill results, where a considerable amount of gold was washed out in the drilling process, Talang Santo is likely to have experienced similar
drill wash-outs. IMO, the overall grade over the next year should be close to 18 g/t with the splay vein subsities.
( say that the splay vein yields 10K ton of ore @ an average of 50 g/t (incl silver) that would yield an extra 16000 ozs AU).
It would be good to hear that the processing plant has been upgraded from 400 ton/day
to 500 ton/day so that the whole system operates at the optimum 500 ton/day
By the above chart this could then yield $51 mil profit p/a for KRM at today's POG
& exchange rates. I hope that the new CEO is proactive in this area.
Cheers
moorookamick
"In the shorter term the stock market is a voting machine but in the longer term it is a weighing machine"............Benjamin Graham ( Warren Buffett's mentor) mm.
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Hi Andy & all, The recent announcement that there is 8500 ton of...
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Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $26.37M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.3¢ | $6.507K | 193.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 320000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 151333 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 172188 | 0.050 |
2 | 577777 | 0.045 |
1 | 50000 | 0.044 |
1 | 100000 | 0.041 |
1 | 625000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 58535 | 1 |
0.052 | 55000 | 1 |
0.054 | 305000 | 2 |
0.055 | 220000 | 2 |
0.058 | 85800 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
KRM (ASX) Chart |