Having been some days in preparation A splendid time is guaranteed for all And tonight Mr. Kite is topping the bill!
(Lennon/McCartney - Being for the Benefit of Mr Kite!)
The reason Kyte is taking precendence is because it was a relative late-comer but, because of last year's drilling success, got well bumped-up the batting order, so it will in fact kickstart the LGP mining sequence:
The Kyte orebody has a very good stripping ratio of 2.7:1 with a C1 cash cost of $727 per Oz (AISC of $770 per Oz) and has a Resource to Reserve conversion of 86%. Having the Kyte deposit mined early in the life of the LGP aids in quickly paying back the debt facility.
Those are outstanding numbers.
Southern extensions along srike and down dip appear likely, and any more of that free-dig, low strip-ratio ore (97% recovery) would just be a gift.
KIN Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
