KRM 11.8% 3.8¢ kingsrose mining limited

holymoses,Of course their dore bar looks like a silver bar. The...

  1. 3,055 Posts.
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    holymoses,

    Of course their dore bar looks like a silver bar. The ore runs 18g/t Au and 210g/t Ag. That means the alloy dore bars will be 90% silver by proportion. Value wise, not so much.

    It is arguable KRM have a silver mine.

    It is also true that we need to see a full quarter's production and get a handle on where the true cost of Au production will come in - silver credits includive.

    Speaking of which, their cost of production inclusive of Ag credits might somewhat be altered by the recent rather significant bull run in silver prices. It could, indeed, come in at less than $147/Oz of Au. I don't know what the silver price for their equations was but it probably wasn't north of $22/oz!

    Patience.
 
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