Australia's largest stock trading and investment forum Australia's #1 stock forum

KWR

Click for more information

0.00%

2.9¢ kingwest resources limited

Ann: Mining Agreement to Recommence Gold Production at Menzies, page-26

First 26 Last

Share
Profile

Follow
Jockthegreat

2,721 Posts.

1495

26/09/22

18:18

Post #: 63885849
Share

Originally posted by miningman2012: ↑

Maybe not dead however if you read the reserve statement they put out mid last year Selkirk has 3000 odd minable OZs. Even if they drill it out and increase by 100% that still only 6000 OZ. Total revenue @ 95% recovery and $2500 GP is $14M odd. Assuming they could achieve a $800 margin that still only gives $2.2M to KWR. Thats is also being extremely generous and does not account for further drilling, permitting costs, studies, site infrastructure, dewatering etc etc. And thats at 6000 OZ currently the reserve is at 3000 ish.

The big issue is also milling given that Lakewood has been sold. They may not be able to get any milling

Anyone expecting significant cashflow from MGP anytime soon is in for a lot of disappointment

Expand

I see what you mean.

Well it certainly cant be any more dissapointing than KWR / Ed have proven to be overall. No way to exit now. Lifeboats are gone.

KWR Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

FFM

Firefly positioned for copper growth in Canada ahead of resource update

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

There are more pages in this discussion • 4 more messages in this thread...

First 26 Last

Add KWR (ASX) to my watchlist