Each reader has his/her own method to calculate value. We also have our own preferences. Some target high-cost producers knowing that IF POG leaps then margins increase substantially. My preference is always for low-cost miners, as it ehances stability. Low-cost usually means a combination of high-grade and prod in a 2nd/3rd world country where labour is far far cheaper than OZ. BUT always check the tax&royalty rates before plunging in. Indonesia has had mining for ages and is reasonably favourable to investors. Corruption still prevalent and Phillipines is my preferred choice to invest. My 2nd preference is for mines/companies to be debt-free as capital raisings are always harmful. KRM has incredibly low cash-cost of $150-$175/oz after Ag credits. With new discoveries of high-grade epi-thermal veins, a mill upgrade scheduled to take production from 45k to 60k/annum... KRM is waay undervalued at $360m mkt-cap imo. When the new discoveries are converted into JORC more money wll flow into the stock. Meanwhile KRM is a good value proposition right now imo.
KRM Price at posting:
$1.43 Sentiment: Buy Disclosure: Held
