Ann: Kin Secures $1m in Funding for Lewis Production, page-17

Estimation of potential ounces.

Looking at the presentation slides we have some numbers we can work with..... not having access to what was actually said at the conference makes it a bit harder to decipher but my summation is as follows

Funds raised enable mining of Lewis Stage 1 Western and Eastern starter pits followed by Stage 2 Greater Lewis Pit.

Western starter pit has an undiluted mineable ore reserve of 31275 tonnes at 1.98 Grams per tonne giving us 1991 ounces undiluted.... applying potential STATED recovery rates of (50%) giving 995 ounces ..... 70 % recovery giving 1393 ounces.

Eastern starter pit has a undiluted mineable ore reserve of 15165 tonnes at 2.56 g/t giving 1248 ounces undiluted... applying recoveries you get 624 to 873 ounces.

Stage 1 mining should herald between 1619 and 2266 ounces.

The stage 2 Lewis pit has 132975 tonnes at 2 g/t giving 8551 undiluted ounces.... same recovery estimates give you 4275 to 5985 ounces.

Basically factoring on zero dilution ( highly unlikely but degree of dilution not stated) and stated recovery rates, stage 1 and 2 initial mining has the potential to yield anywhere from 5894 to 8251 ounces.

If the team manage to pull this off the result should place KIN in a strong position to be able to attract the finance needed to start some serious gold mining.

Cheers

Dan