KCN 4.42% $1.30 kingsgate consolidated limited.

Ann: Chatree Update Webinar presentation, page-16

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    Obviously a shut-out of mining related questions by the company. My question was ignored and there would have been many others surely. Plenty of arm-waving and discussions about things well into the future. What I did glean: - 25% of mining equipment is now on site - and the pit is a steep conical shape due to high grading of ore immediately prior to mine closure. In other words (my interpretation), a lot of waste cut back is required with the next tranche of CAT equipment to arrive in July. I'm anticipating a very slow ramp up to >100,000ozpa, hope I'm wrong. Jamie's comment during the last webinar (Jan 30th) that the Nebari loan would be repaid by "May at the latest" was too optimistic.
 
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