KMN 4.00% 12.0¢ kings minerals nl

Hi beast,The figures to use should be the infered mineral...

  1. 769 Posts.
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    Hi beast,
    The figures to use should be the infered mineral resource in table 1 of the quaterly report.
    This would give the following:
    moly 30,400 tonnes @$25.00 /lb would give $1.67 Billion
    Copper 194,700 tonnes @2.00/lb would give about $850 Million
    Rhenium 2326300ozs which gives 65949 kgs @12,000/kg would give$790 Million
    Gold 294900ozs @$720/oz would give about $179 Million
    This will total $3.48 Billion.
    Of course the price of the product will change over time. And not all the metals will be recoverable. Hence we will have to wait for a prefeasibility studies to get a clearer picture.
    But can you imagine just this mine alone has 3.48 billion dollars worth of goods in the ground compare to a market cap of just about 40 million dollars
 
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