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3.9¢ kingsrose mining limited

Ann: Penikat Resampling Confirms and Extends Mineralisation, page-7

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24/11/21

10:18

Post #: 57807737
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Originally posted by dunny29 ↑

From bottom of page 1
Fabian Baker, Kingsrose Managing Director, commented “These results further validate our conviction that the grades and thickness of mineralisation at Penikat represents the opportunity to define a globally significant PGE-nickel-copper project. With many kilometres of near-surface mineralisation defined by historical work, we believe depth extensions will be confirmed through future drilling to define a multi-million
ounce deposit."

That last line though - we believe depth extensions will be confirmed through future drilling to define a multi-million ounce deposit

Multi-million ounce PGE deposits, especially at these grades and widths are likely worth a bit, just putting it out there.

I have never been so excited on a company. It may take 12-24 months for value to be realised in the shareprice, but running rough calcs etc to see the potential value here just for the PGE asset brings up numbers beyond laughable. Especially given the current EV of the company, cash backing, current gold asset and likelihood of another quality acquisition in the first half of next year.

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Absolutely!

Go on throw out some of those back of the napkin numbers to wet our tongues

KRM Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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