KRM 5.56% 3.4¢ kingsrose mining limited

News: KRM Kingsrose renegotiates terms of debt facilities, page-7

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    If they open cast that mine we know it will be rich in gold but if there's only a years worth of gold in it, taking all the necessary equipment and the level of remediation required after may be cost inhibitive.

    Are we talking about the same mine?

    As of 30 June 2015, the Mineral Resource of Talang Santo was 360k oz Au and 1,012k oz Ag; out of that, the Inferred component was 124k oz Au and 531k oz Ag.

    Therefore, even if you ignore Inferred resources altogether, and assuming a production rate at regime of 35k/40k oz Au equiv pa, there is at least 6-7 years LOM left.
 
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