BAR Interesting..., page-11

Some big player block support level appeared today @ 1.1c 1c and .9c

That's a positive step. If they closed their doors today and KDR keep mining the 20,000oz a year they anticipate, your market cap is there in under 5 years with the $25oz royalty and cash on hand.

But then what value can you put on a well-advanced project that will probably start with 15,000-20,000 confirmed resource that will attract a contractor in about 12-18 months time. I'd predict the cost of that undertaking about $500k.

According to their reports, the complete mapping of Philips find and future targets within should be complete or at least nearing completion.

A very rough calculation here, but I'm optimistic they will have about 12-18 months operating capital by the time Philips find has a resource modelled. That should happen within 12-18 months after which a contractor starts mining I would expect.

Say a 20,000 oz model at philips find, that could be a $2m+ paycheck in royalty.

What value would you also place on the dirt surrounding Kidman. A royalty deal again? Sounds good.

I am certain by reading reports, there absolutely no intention of a cap raise. I am glad to have some coin in such a well run business and I'm 2-3 years long.

Long term holders would be absolutely shattered, but they have in fact done lots of what they intended to do, the market was just too impatient 10 years ago and wanted it all to happen immediately. Well its nearing end-game for the bottom.