KRM 0.00% 3.9¢ kingsrose mining limited

Ann: Talang Santo Mineral Resource Estimate Update, page-4

  1. 208 Posts.
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    Finally some real upside.

    In rough terms that means that the resource contains about AU$576 million worth of gold and another $20 million worth of silver. On those figures we can soon look forward to an announcement telling us when mining will start.

    I've been in this for 10 years and it looks like it's eventually going to pay off. The shares hit a high of about $1.75 back then and they've been diluted since, but if Talang Santo performs anything like Way Llingo, which it is likely to, we are going to see them back around the $1 mark in a few years time.

    But we have never had any real explanation from the company about why it couldn't stop the flooding before and why it is going to be different this time. If we had that explanation I would be far more comfortable.
 
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