Ann: Trading Halt, page-3

looks like will be sophs who will put few millions into KCC.

the way I read it is KCC will be drilling Condobolin on their own which was planned anyway - unless someone approached them for JV which is not the case.

For rest of the projects KCC is looking for JV/Earn-in partners - though I don't mind if they sink 3-5 holes at the Dunns as those prospects don't require deep holes.


Back to Condobolin - this project has number of targets that can produce decent Au, Ag, Zn, Pb and Cu grades. Any results with around 6g/t AuEq of which Au to be about 3g/t will send KCC's MC to above $50m. If follow up holes confirm a presence of decent orebody then MC north of $150m is in order.

And all this without any good news from their Earn-in exploration with Ashanti or OB1 (if OB1 really drills Bronze Fox).