It's not clear to me how KIN would actually go about processing...

It's not clear to me how KIN would actually go about processing any of the nearer-surface deposits or what it would cost to get a plan into operation.
Presumably a significant raise would be required before KIN could get to cashflow and the Germans would have to fund most of it.

Delphi doesn't seem interested in anything beyond more exploration, though. If that's the plan, it would be useful if KIN could give shareholders a sense of the latest discovery cost per ounce. My guess is that it is going up.

Delphi turned down the SBM bid. So what's the strategy for getting the share price up well beyond the 16 cents offered, given that we are now less than 50% of that level?