Lureman, KAU today is a vastly different company to the one you...

Lureman, KAU today is a vastly different company to the one you looked at, when its only assets were a few tenements in the Lachlan Fold Belt.

in fact there’s no useful comparison. KAU is a boutique gold producer.

the latest production update, rubbery though the figures were, showed a useful gross profit.

together with cash in bank, these sums should obviate the need for a CR.

looks to me like its at or near commercial operations.

the quarterly by month’s end could add confidence to this view though the half yearly by the end of February will be the first serious glimpse as to whether its a goer.

exploration drilling now underway at Maldon holds the potential for serious upside.

being exposed to the turn of the drill bit seems to me like a straight-up punt as opposed to an investment strategy. I would note however this is brownfields drilling, the Maldon fields already having turned a pretty penny.