KMN 4.00% 12.0¢ kings minerals nl

my little friend called mr rhenium....whoooosh

  1. 683 Posts.
    Forget the phrase "sitting on a gold mine" what about "sitting on a Rhenium mine"

    Rhenium? What I hear you say? Never heard of it? Fair enough then hey?

    POG US$850.00 OUNCE
    Price of Rhenium US$5700 / pound = $356.00 OUNCE

    Conversion 16 ounces in a pound

    Therefore on $ value

    2.47 grams of Re = 1 gram of Au

    Fundamentals for Re about to explode because of the airplane industry's necessity to reduce fuel consumption.

    Add a little civil unrest in Kazakhstan perhaps down the track to the recipe and let it simmer for a month or 2?

    Hmmmmm.... KAMBOOM!!!

    Lets do some maths shall we?

    Maybe this will Mr Market understand a little about our mate Kings?


    Hole K1
    62 metres @ 3.8 grams Re = 62 metres @ 1.6 Au Eq

    Hole K17
    7 metres @ 7.5 grams Re = 7 metres @ 3.1 Au Eq

    Hole K18A
    15 metres @ 3.9 grams Re = 15 metres @ 1.6 Au Eq
    24 metres @ 3.7 grams Re = 24 metres @ 1.5 Au Eq

    AND Hold K19...wait for this one fellows
    329 metres @ 3.4 grams Re = 329 metres @ 1.4 Au Eq!

    Yes thats 329 metres @ 1.4 Au Eq! Most gold explorers would dream of those results!

    More I hear you say? Yes OK not a problemo,

    Hole K20
    73 metres @ 6.5 grams Re = 73 metres @ 237 Au Eq

    Plenty more as well !

    Check K23, K21

    Hole K29
    21 metres @ 3.4 grams Re = 21 metres @ 1.4 Au Eq

    Am I missing something here fellas` ???

    Are those figures flawed?

    Gold explorers would dream of getting Au hits like those?

 
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