My sense is that KWR has a very low-cost opportunity to develop several high grade deep lead / alluvial gold production sources. The barren overburden is conglomerate / sandstone type material that should be low cost to strip. Gold extraction would be via a very simple gravity circuit. At grades approaching 5 g/t au, would be a bonanza, even for small scale selective mining.
COMEX gold (February contract) went over US$1820 to-day AND U.S. market is into a Santa Claus rally. So we should see some bullish action in KWR as next drilling program approaches in mid-January. Good luck to all longs.
KWR Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held