re: News: Kingsrose Mining AGM Presentation, ...
Good presentation from Peter Cook with the potential for Way Linggo. It could turn in to a extended 4 million oz in near mine exploration. Current cost per oz after silver credits could be lower than US$150/oz, generating margins of US$1,200/oz. At current grades circa 20g /tonne by the end of January the annualised production could be 75,000oz pa, which could generate US$90m pa profit! IMHO feel that gold and silver prices are only going to go higher, pushing margins above the current US$1,200/oz. 'And that is a good gold mine'.
John Morris mentioned the S.W. Sardinian project, which he predicted was going to create significant value for KRM's shareholders. TFP
KRM Price at posting:
$1.17 Sentiment: Hold Disclosure: Held
