Ann: Chatree Gold Mine Plant 1 Update, page-10

Finance and communication have been the problems with KCN.

Management are strong on operational delivery, kinda the most important bit at the end of the day.

Sure the refurb of Plant 1 was slower than we would have liked, but that was more about financing issues.

I also believe they set a very few low hurdles in terms of operational targets (100k to 120k ounces) and they will shoot these out once grade comes through. It will then run reliably at 140k+ and they will improve silver recoveries to really bring down costs.

It is a long term hold for me, as I can't see a stock that is so defensive (gold producer), with strong income!