Ann: Refinancing Update, page-7

Easy Street

What your article shows is that KBL produced revenue of $33 million over the last 12 months, which I grant you is down on the previous year (but then you should also read the blurb that goes with the numbers for an explanation), from a mine processing plant that would cost $150 million to replace, and with a mine life that has been extended (through successful exploration) for at least another decade and yet the Market Cap is less than 12 million! Go figure! If this isn't the cheapest producing miner (with a future) on the ASX then I would like to hear of another! Of course it is worth fighting for - Kidman lost and should move on.