Kingrose Mining - Banter and General Discussion, page-640

So potential near term catalysts are:

- Commencement of DD drilling at Rana
- Geophysics results potentially identifying key targets for massive sulphides at Rana
- BHP JV / commercial deal

Whilst DD is the slower of the drilling, it’s going to provide us plenty of newsflow for a while and keep the market fed.

It’s clear from past studies on Rana that it needed a significant amount spent on geophysics… we are fortunate to have the cash to invest in this…

now it’s time for what might be a life changing discovery, knowing Penikat is in the stables warming up too.

EV of only ~$10m and we have $~35m cash and an $11m royalty…

note EV above doesn’t NOT factor in royalty!

buyers starting to overwhelm suppliers… looking good!