KCN 2.72% $1.51 kingsgate consolidated limited.

'too confident' = 'very confident' ?It likely makes sense to go...

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  1. 6,183 Posts.
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    'too confident' = 'very confident' ?

    It likely makes sense to go for a mining lease, getting the ball rolling.

    We only have say 7 years of reserves at A. And near-surface ore at B has good odds of being better than de-watering and re-opening an old pit that has been stripped of its better ore.

    As long as the government approves, then we can expand the fence by a little.


    Was 'acquired land' mentioned somewhere?


    It's hard for me to estimate what sort of resources we could have at those areas, but B is likely realistic to develop - the question for me being - a small pit or a large pit, and the grade - more or less than 0.6g/t. (Since 0.6g/t is my baseline for 'fine' ongoing grade)
    Last edited by danbradster: 07/08/24
 
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