KRM 2.94% 3.3¢ kingsrose mining limited

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  1. 7,501 Posts.
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    IMO, the Dec qtr ann will be similar to the Sept ann with exploration costs
    reduced & rectification work cost increased.
    Sept revenue:.............................. $7.6 mil
    Forecast outflows to Dec 2012...$11.6 mil
    deficit...........................................$4.0 mil
    Cash in hand Sept 2012................$8.6 mil
    Likely cash Dec 2012.....................$4.6 mil

    Given that there will be extra exs due to remedial work, IMO, this will likely
    be offset by the reduction in exploration costs.

    I have a hunch that the crew will be putting extra yards to squeeze the most out of Way Linngo.

    Once back in full production, EPS should move above 10c and the market
    should then value KRM at a nominal 15 P/E or above.

    Cheers
    Moorookamick
 
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