KRM 11.8% 3.8¢ kingsrose mining limited

unhedged & up there

  1. 7,501 Posts.
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    KRM is unhedged to take advantage of record high gold prices & the lift in silver(partially hedged) just adds to the pot & should take cost of gold production to near Zero.

    Given that the mine is located in Indonesia, it dodges
    future CO2, mining taxes and wage inflation that threatens our Aussie locals.

    With a low 257 mil shares out there, there is a good
    prospect that the quarters' results will translate into decent EPS (annualised) & results to September quarter should be better still because of the plant upgrade.

    Cheers
    Moorookamick



 
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3.8¢
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3.6¢ 3.8¢ 3.6¢ $6.25K 173.0K

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