KRM 11.8% 3.8¢ kingsrose mining limited

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  1. 7,501 Posts.
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    Hi dan69,
    The sp drop generally in smallcaps in May has been disconserting but I guess that these small caps will
    recover once the "Go Away in May" bug passes.The plant
    blip in March reversed the SP but the fitment of the SAG mill in June should permantely sort that out.

    KRM has decent prospects with 40k+ ozs p/a forecast,
    & a cost of less than $100 oz with silver factored-in
    & an ore grade of 18 g/t,a low # of shares and in a low cost Indonesia.

    With the SAG mill in situ it may even overshoot target.

    KRM will likely not gain the attention of the instos, however, until a quarter or two of full production is
    on the board, favourable EPS & more money in the till.

    Cheers
    Moorookamick
 
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Mkt cap ! $26.37M
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3.6¢ 3.8¢ 3.6¢ $6.25K 173.0K

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