You appear to have highlighted the top end Penikat Exploration Target guesstimate as if there's a probability it represents anything real.
The possibility remains it's just as likely that it ends up being much, much less than the bottom end guestimate.
The best grades are close to or from surface so it's still possibly the shallow intercepts are just surficial enrichment from deep Tertiary weathering or from somewhere long-since eroded. Who knows?
Yes, the Blue sky may appear good and can of course be hyped, but all the previous owners knew what they were doing and that ended nowhere, Certainly they had much better resources available to them than KRM will ever had. With environmental issues who knows? Good thing is RSA is making a mess of the Bushveld PGE mines, so perhaps this will help.
Still, it's just: "blue sky and wait aeons".
It has already been drilled by 3 other very highly skilled mining operators. Each time it has not made the grade and been relinquished every time. This usually says a lot.
They appear to have no confidence in Rana, and made no progress on aquisition of a good Cu project. Meanwhile at least the salaries are there...
All IMHO, DYOR and GLTAH!
KRM Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
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