Doing some more est. numbers on KMC they have a 500kt plant...

Doing some more est. numbers on KMC
they have a 500kt plant underground grades from history production 5g/t+

I worked out if they average 4g/t with a 500kt plant they should produce
---64300oz Gold margin min $500per oz=32mill EBIT

Now that IMHO is going be the est low side EBIT 32mill

Costs of course could be som much lower an gold AUD could be much higher
50mill EBIT etc once KMC get the plant up in running for a FY production

P.E-5 = 250mill marketcap == $1 KMC lowside Target IMHO end of 2012