KDR 0.00% $1.90 kidman resources limited

New Hartleys research report for Kidman, page-19

  1. 298 Posts.
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    Just to put some holders concerns at ease:
    I'm very familiar with the Mt Holland and Lake Johnson projects and was at the Lake Johnson plant a couple of months ago.
    The plant is in quite good condition, I'd expect the majority of the work required to sort out the mill will be to do with reconfiguration and relatively minor repairs.
    It's quite a large plant with all offices, stores camp and other associated sundries still on site.
    Pretty straight forward really.
    The haul road between the 2 sites is well maintained and currently used by WSA to ship nickel between Forrestania and BHP nickel with road trains. It's mostly gazetted road and looked after by the local councils and by local contractors at the cost of local mining companies. (KDR will be expected to pay their share)
    From Lake Johnson to Esperance is only another 320km with quite reasonable roads, 200km of it is bitumen.
    Everything that KDR says on the transport and treatment of ore between Mt Holland and Lake Johnson is easily achievable and makes very good financial sense.
    From my point of view, KDR is no longer an explorer, it has a very significant and easy to mine orebody, now it's all about logisitics.

    Regards
 
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