gold miners & dividends, page-8

Gold has been $1600 AUD/oz + or -$50 AUd this year and KRM is producing
well under $300/oz cost which gives it $1300 gp/oz.

This is a huge margin in anyone's language and $100/oz in the POG is not
significant in the longer term profitability of the company. Also its
$28 silver hedge is right on the money and will be paid out in a year or so.

It seems, however, that Mr Market treats KRM the same as a producer
with costs close to $1000/oz!

With the POG prospect being $1500+ over the next year and KRM's production
close to 60K ozs p/a with the inclusion of Telang Santo , the EPS should be close to 25 cents which has the potential to double the SP on a modest P/E of say 8.

with kind regards
Moorookamick