KCN 10.0% $1.26 kingsgate consolidated limited.

Ann: More Significant Exploration Results In Chatree Gold Zone, page-19

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  1. 6,270 Posts.
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    I didn't see results that seemed significant enough to develop yet. Like today, 1 result of 2g/t does not compare to a dozen+ results of 2g/t in Quartz.
    I imagine they'd need a JORC resource before they'd begin to think about mining the new areas. An inferred resource could be pushed out in a month if desired, but indicated/measured would be more normal for mining. And with Thai government processes, who knows how long a mining license would take, and land acquisition / road construction (at least its through farms, not a highway).

    So I expect -
    Years 1,2 - Quartz + A pit.
    Years 3,4,5 - Expand old pits, apply for an underground license.
    Years 6+ - develop the best of the bunch of the outside-Chatree resources (after a long bureacratic delay). Possibly go underground.
 
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