KBL 0.00% 0.1¢ kbl mining limited

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  1. w27
    2,460 Posts.
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    The company's presentation says 10 years of ore. This is very conservative as it relies on ore drilled. This is a Cowra style deposit and they have all extended to significant depth. The ore in the current mine probably extends to at least double the depth currently drilled. As well the adjacent leases are lightly explored and have excellent potential for further discovery. As a last plan the plant is strategically placed in the midst of a lot of promising leases and there is no other plant close, so ore will be available from adjacent leases. This plant will be operating profitably thirty years from now.
 
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Currently unlisted public company.

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