From exploration update 29 March 201914m at 2.5 grams per tonne,...

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orga

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29/06/19

15:46

Post #: 39301850
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Originally posted by coalboy: ↑

It will be an interesting read when it hits the desk no doubt .

Among other things it will be of great interest to read what impact the "simplified" approach has on pit shell volumes , strip ratios , plant design , yield , CAPEX , OPEX , etc., etc., etc.

While the previous approach targeting selective multiple high grade pits and a fast track construction methodology was seen by a few as "high risk" , I for one hope that the "standard" approach stacks up economically with what maybe a higher strip ratio and lower yield over a longer period of LOM. Anyone expecting higher yields I think should temper those thoughts given the larger pit design.

They do have an increased resource base (presumably) after the additional drilling and a current 6 year high on the POG as a base point but there will be trade offs no doubt imo.

I keep going back to the IRON TRIANGLE of project management , the sides of which are Time , Scope and Cost with the fundamental core being Quality. You cannot change one side without affecting the other two and therefore the core .
The Scope of the project was changed 15 months ago (approx). to improve the quality we were led to believe.
Hence the Timeline , Cost and Quality will significantly change. Those 15 months (+ some) have come at a cost and it remains to be seen if that cost is warranted .

They were worried about a significant cost overrun yet we have since had 2 CR's to the tune of $8M+ and at this point not a lot to show for it.
I sincerely hope that PFS - Mk.2 justifies their actions.

Hopefully looking forward to a much more positive 12 to 18 months ahead for everyone's benefit , not just a few !
My observations and opinion only , dyor .

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From exploration update 29 March 2019
14m at 2.5 grams per tonne, 217m from surface!!

Also,
hopefully some more information on potential for going deeper as per 29 March update.

KIN Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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