The key people in Kings are the same people who developed Bolnisi Gold which was eventually absorbed by Coeur. Before Bolnisi, they were also involved in the raising up of another mining project. Personally, I do not believe they will even bother to float the idea of doing a pre-feasibilty study unless they have already had a good idea of the end result. No doubt the grade is not fantastic, but obviously they must have considered that it is worthwhile financially to proceed further. They have proven themselves to be very sensible in the past 9 years that i have been investing with them and I doubt they are digging a hole for themselves by wasting time and money to prove that it is not feasible with the pre-feasibility studies. Watch out for the upside in weeks to come.
KMN Price at posting:
12.3¢ Sentiment: Buy Disclosure: Held
