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11.4% 3.9¢ kingsrose mining limited

Ann: Trading Halt, page-46

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  1. binwood
    9,063 Posts.
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    09/11/21
    15:47
    Post #: 57432677
    At 10c KRM has a $50m EV. With 1Moz at 6.8g/t PGE off the bat that would still be dirt cheap.

    If this is the project we are picking up and the SJ vein is a true Bushveld analogue then it's barely started. The below suggests the bottom of the intrusion could be another 1km down which matches those South Africa PGE mines.


    upload_2021-11-9_15-46-20.png
    KRM Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
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