KRM kingsrose mining limited

Ann: Quarterly Activities & Cashflow Report - 31 December 2014, page-3

  1. 23,964 Posts.
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    The Dec Qtr seemed to be problematic and it would have been useful
    if the CEO had given more mining detail and less Geological blurb.

    What we have now is:

    Dec half year production: 12,055 ozs AU + 38,077 ozs AG (12,800 AU equivalent.

    Revised Forecast 30K to 35K ozs AU for FY 2015
    Which leaves 18K to 23K ozs AU for remaining 6 months
    or an average of 10,250 ozs AU/Qtr.

    With forward costs for this Q3 being $7.9 mil then the extra money in thee till by
    31st Mar should be about an extra $5 mil.

    Given that new CEOs tend to get all the bad news out in the first year, then it should be
    improving news from here forward.
    Moorookamick
 
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