KRM 11.8% 3.8¢ kingsrose mining limited

Hi Andy & all, The recent announcement that there is 8500 ton of...

  1. 7,501 Posts.
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    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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3.8¢
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