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Ann: Appendix 3B-KOR.AX, page-6

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sydney6791

5,745 Posts.

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31/08/16

12:32

Post #: 18821658
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Originally posted by ainsleym ↑

Hi USC75, whats your current take on Wangs continued uptake of the stock with todays announcement? We have both been fairly critical of KOR in the recent past ( and for good reason considering all the things that never came to fruition) but we may have a different ball-game on our plate here with Wang continuing to shellout the $. Plus I liked the dropping of the clause requiring KOR to find an extra buyer for the magnesite by years end which was always going to be too big an ask I thought. So we are potentially now looking at an offtake with Chinese mills of 300,000 tpa if things go to plan. Not sure how the economics stack up at this reduced volume ( compared with the original 500,000 proposed). Think I recall KOR published a spreadsheet a while back of economics ( versus tonnage offtake). Need to revisit.

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Kor's real biggest potential is the 3million ounce gold project in Ukraine. Although, not a good time yet, project is there. MSR just sold its gold project to Chinese at USD 10m.

KOR Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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