KSN 2.38% 8.6¢ kingston resources limited

I was wrong - just had a chance to review my post with the...

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  1. 707 Posts.
    lightbulb Created with Sketch. 10
    I was wrong - just had a chance to review my post with the quoted sources - I understated by $50m on the suggested estimate.
    Page 20 of the Canaccord report estimates that there is between 60-80mt of pit back fill material - assuming $2,50/t to dig out = $150m.
    Again I assume that KSN have had some involvement in developing this report / would not have posted it on their website if it was factually incorrect or not within reasonable expectations / knowing that KSN have extensive data from Placer?.
    Accepting that this $ metric is correct, it would underpin why management are so focussed on securing shallow satellite deposits.
 
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