Hi Jrowl and all,“How would they lower costs? I have no idea how...

Hi Jrowl and all,

“How would they lower costs? I have no idea how the money is spent for production.”

I am not saying that cutting production costs will be a simple matter but they must find a way. If they can’t and in the next and future quarter’s we also see a zero figure added to the bottom line then we would all be better off at this point to close the mine down and share out the cash in the bank with the long suffering shareholders. (Then buy KRM shares maybe.)

If I wanted to make zero money on my investments prior to taking inflation into account I would buy US treasury notes along with the other idiots!

I also follow KRM and UML could take a leaf out of their book for instance. I know KRM have cheaper labour and the silver credits but with operating costs of US $298.00 just twelve months back we are nearly four times that cost.

Kingsrose Mining Ltd
Quarterly Activities Report for the three months ended 31 March 2012
Highlights during the Quarter
_ Way Linggo Gold Project (85% KRM) produced 7,609 oz of gold and 85,169 oz of silver (or
9,063 oz gold equivalent) for the Quarter.
Quarterly Production:
Dec-11 Qtr Mar-12 Qtr Year To Date
Gold – oz 11,576 7,609 28,888
Silver - oz 126,495 85,169 332,327
Gold Equivalent – oz* 13,718 9,063 34,699

_ Cash operating costs for the Quarter were US$298 per gold ounce after silver credits.
_

Maybe a good use of the cash freed up from the West African sale they can send someone up to KRM in Indonesia and see how it’s done!

Cheers and very best regards: Andy