Just a couple of points that I would like to comment on.
Firstly, as you say Dan, the cost of acquiring Mt jewell took a lot of the money earmarked for starting production I would think.
It is not as if that money has been spent on exploration that did not find anything, in fact it has added greatly to the value of the company and has great future potential.
A bit has been said about KGM not starting production in December when they said, however, I am probably happy about the delay because December would be a crazy time to start up and then have Christmas in the way just as they got going.
I have mentioned the grades before and they do not worry me. It all comes down to how easy it is to mine. Have a look at the grades that Regis (RRL) has and then look at what their share price has done over the last 3 - 4 years. They are a company with good management, seemingly poor grades, and were written up recently as the best gold company in the world.
Time will tell but I am very confident in this company, mind you, I have been confident before in all sorts of things.LOL
Lockitt
KGM Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
