Looking at the overall picture, KAI's best prospect is the gold....

Looking at the overall picture, KAI's best prospect is the gold. The MRE lists 1.6 million ounces. De Grey at HEMI has a DFS that plans to produce 5.4 million ounces over a 10 year period. The last MRE showed 10.5 million ounces. The DFS takes approximately 1/2 of the ounces listed in the MRE. If KAI was to go through the process of preparing a PEA then a DFS based on significantly more drilling then you'd expect a reserve for production of 800,000 ounces. This would support a small plant producing 50,000 ounces per year at a reasonable AISC. The recent gold price increase brings us closer to making a case to mine. I think they could make a case to bankers if gold gets to the $4,000 ($A) range. Let's hope it happens.