KGM kalnorth gold mines limited
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cost $4m to produce $1.3m in revenue!?!

  1. richman
    196 Posts.
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    30/04/13
    15:57
    Post #: 11703506
    The March 2013 quarterly suggests it cost the company $4.05m to produce $1.32m in revenue! In addition the company has taken on $2m in debt during the quarter!

    This cannot be sustained for long!

    Very Risky proposition currently!
    KGM Price at posting: 12.2¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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