KRM 0.00% 3.9¢ kingsrose mining limited

We'll all know within 4 weeks.Personally I can't see the...

  1. 22,360 Posts.
    lightbulb Created with Sketch. 769
    We'll all know within 4 weeks.

    Personally I can't see the Indonesian Authoritories delaying Talang Santo
    further because it sounds like KRM has met all the requirements and that
    the local community is in favour of an early restart. ( Miners are working
    on half time)

    I could appreciate your skepticism if the community was against the project
    but in this case, the mine is the chief local source of income.

    From what I know about Way Linngo, I believe that there is an option later
    to divert the river rather than mine under it. Perhaps someone with more info could comment.

    From past drilling, a the rich silver vein (3600 g/t) with lower gold,
    has usually high gold content underneath . Feedback
    from my questions seems to indicate that the propability is high that there is
    higher gold content under the high silver vein top. Also drill results in clay-quartz tend to be lower than the real thing because of drilling washout ( see
    previous KRM ann.)

    Narrow vein mining, although more difficult than open pit, is away more economical. For example an open pit mine with say 1.5 g/t has to quarry
    30 times more rock than a UG operation with say 9 g/t narrow vein UG operation
    (open pit has usually 5 to 1 overburden)

    With the cost of electricity and quarrying nowadays, the UG operation is away
    more efficient;( kind of like open heart surgery vs keyhole).

    Cheers
    Moorookamick
 
watchlist Created with Sketch. Add KRM (ASX) to my watchlist
(20min delay)
Last
3.9¢
Change
0.000(0.00%)
Mkt cap ! $29.34M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 24390 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 30000 1
View Market Depth
Last trade - 16.12pm 28/06/2024 (20 minute delay) ?
KRM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.