read all the announcements, page-6

Clark321,

You'd think so - at least on paper but if you bought a mine and hired 3 crews to get the mine back in order, that's a lot of overhead and if you can offset that with some cashflow from trucking your better grades, you go some way to covering your costs whilst waiting on approvals for the mill knowing that your margin increases as you develop your own facilities.

KMC generated a lot of press with their 'first gold sales' with a good jump in SP. In the current market, why wouldn't you want to tell the market that you are cashflow positive from your operations? A number of these reworked mines are putting out gold at 1250 an Oz cost - considered to be the upper end of the curve but still seeing SP appreciation in the current market.

KMC management has been very quiet and done nothing to arrest the falls. I'm sorry but as much as I'd like to think we are making money, it doesn't look good now. It doesn't help having the higher start up / rehabilitation costs. I'd like to see more info at the AGM.