KRM 2.94% 3.3¢ kingsrose mining limited

The planned 140,000 tons per annum output doesnt sound much but...

  1. 601 Posts.
    The planned 140,000 tons per annum output doesnt sound much but if you look at it from various grades then there are pleasant surprises.

    140,000 x 12g/t=1680000/32= 52500 oz
    140,000 x 14g/t= 1960000/32= 61250 oz
    140,000 x 18 g/t= 2520000/32=78750 oz
    140,000 x 20g/t= 2800000/32= 87,500 oz

    The current grade being stockpiled is 18g/t. If mine life can be added with exploration then KRM shareholders will have hit the jackpot. If there is any corporate activity as well then that just all cream
 
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3 320000 3.2¢
 

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