KDR 0.00% $1.90 kidman resources limited

This has been discussed a heap of times but from memory the gold...

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    This has been discussed a heap of times but from memory the gold is at the opposite end of the resource to where the pegs outcrop/trend towards surface. Therefore the pre-strip is unlikely to include much gold.

    Secondly you have to process the gold somewhere and this costs money. Even if you take out the mining costs as that is allocated to pre-strip capex you're likely to only make half those margins, so call it $20m. Would it be helpful? Yeah sure. Is it meaningful in the face of a $500m capex bill? Not hugely.
 
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