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Ophir

KMC=DOG.

KMC = narrow vein operation. This means it needs average grade of 8-12 grams/tonne to make it profitable. KMC is achieving under 4 grams per tonne, and unlike SLR does not own a mill. Read poster plough's views on KMC thread.

Compare the average grade of Bullant and Silver Lake's narrow vein mining operation at Mt Monger, which is profitable.

http://www.silverlakeresources.com.au/projects/mount-monger-goldfield

http://clients.weblink.com.au/clients/silverlakeresources/article.asp?view=6581872

PXG being re-rated lower on the back of insiders running away from another potential carcase.

Thanks a lot PXG management for whatever it is that the insiders think is stupid about the potential PXG/KMC deal.

aaargh

loki