KMC kalgoorlie mining company ltd

re: Ann: First Gold Ore Delivery for Bullant ... Yep, Hats off...

  1. 219 Posts.
    re: Ann: First Gold Ore Delivery for Bullant ... Yep, Hats off to the team for moving this along so rapidly!

    Mr Daws & co have moved the company from speccie status to producer at a very profitable time, and in a very short time frame.

    Bullant is now centre stage.
    Generating strong cashflow and with little risk. It seems to me that plenty of investors were in this stock for the American assets, and the risk/reward profile that goes with them, but for now they are in the backseat.

    Comparitively speaking, Bullant is a known entity.
    But how well do we really know Bullant? We know the gold is there, but how much? at what grades? and cost? and with all these unknowns, why was Daws/Argent/USN/KMC soooo keen to get their hands on it?

    I tend to agree with Gwaihir, and believe the mine (and surrounds) has enormous potential, and KMC are going to expose it.

    So what can we expect in the near term, heres a little list off the top of my head, please feel free to add.

    -Confirmation of ore delivery & reciept of initial payment
    -Secondary % payment indicating grade and costs
    -Commencment of stoping East Lode
    -Commencement of drilling Bullant Deeps
    -Further Drill results from the South
    -Approvals for staged development of processing facility
    -Commence construction/refurbishment of primary crushing circuit
    -Drill program to test new tenements
    -Snowbird - drilling/selling/JV/spinoff?

    ......and all the while .....a steady stream of cash to fund activites :)

    Go the Ferocious Formicidae!
    GS
 
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