KRM 2.63% 3.7¢ kingsrose mining limited

qtr report

  1. 7,501 Posts.
    lightbulb Created with Sketch. 165
    This is an excellent reportwhich sets the company on target to produce 45ooo ozs gold in 2011.

    Progressive resource upgrades during the year
    should confirm KRM's value of $2+ by year end.

    With costs of under $200/oz it will be only a matter of time until the cash register interests the institutions.

    Cheers
    Moorookamick

    PS: I'll stick with my crude math of

    45000 ozs x $1200 oz profit divided by 251 mil
    = 21.5 cents/share X 10 p/e = $2.15 (this excludes the $20 mil cash) mm.
 
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