low grades, page-24

BWJ

I am open minded to be converted.

But please explain how the value of KMC is not severely dented by the estimate to get a plant going to produce at their forecasts jumping from "$18-$20m" to $35m. Whatever KMC was worth, it's now worth $15-$17m less with the higher funding costs. Paying back the debt out of after tax profit will mean no net cash flow for __ years. This is financial reality however goldfield savvy management is.