KGM 0.00% 1.3¢ kalnorth gold mines limited

cost $4m to produce $1.3m in revenue!?!

  1. 196 Posts.
    The March 2013 quarterly suggests it cost the company $4.05m to produce $1.32m in revenue! In addition the company has taken on $2m in debt during the quarter!

    This cannot be sustained for long!

    Very Risky proposition currently!
 
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Currently unlisted public company.

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