Ann: Primary High-Grade Gold Confirmed at Lewis, page-64

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Nowhere Man

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12/07/17

17:02

Post #: 25826145
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Originally posted by goldbear77 ↑

i think its fair enough move - despite development focused investors thinking KIN's already cheap

its true - for people in pre 23c the Lewis and Fiona results have stepped up the value significantly.

But the Hartley's placement and retail investors who came in on Lewis 'bonanza' would see this as a dissapointment - so you get churn based on different motivations of holders

The CEO was effectively implying Lewis could become a company maker - ie only one pit needed with his 'strap yourself in' nonsense

I dont see that in the results to hand - Lewis is sweet (esp at north) and close to surface - but its still going to demand feed from fiona and Mertondale area at this stage to support a mine life

so the story is still complicated

publish a full resource upgrade for the LGP and that discount will lessen. At this stage the stats for the project significantly understate what they have and leave non followers more inclined to sell than hold.

confirm in a DFS improved mine economics esp increased LOM at lower AISC - and discount will again lessen.

hopefully ceo has learnt his lesson and we can look forward to a really first class ride from here as per former CEO

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Yes, I think all shareholders - long-standing and more recent - are eager for the DFS, Goldbear.

Not long to wait now ...within the Quarter ...and a pipeline of news - further results, etc - to sustain interest meanwhile.

Not such a very complicated story, surely.

KIN Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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