KRM kingsrose mining limited

Kingrose Mining - Banter and General Discussion, page-786

  1. 2,946 Posts.
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    I agree @Shakinthat , definitely doesn’t have to be producing.

    @topwon for sure. Here’s a PGE play, CHN, $2.4b.

    there are many ASX companies with billion dollar projects or MCs that aren’t in production. DEG, AZS, AVZ to name a few.

    using DEG as an example, 10m oz of gold at about 1.1gpt…$2.4b too like CHN…

    KRM has 25km reef strike, these things go down to 1.5km + but let’s say 17km is drilled out along strike. 1.5m average with, 1km deep at 6gpt PGE, that’s about 14m ounces, and more profitable ounces than DEG too I suppose due to the grade. So in theory, we could do that quite reasonably. Required the exploration target to come “true”, which I think it will due to the historical drill work already and outcrops everywhere.
    Last edited by boy1: 14/07/23
 
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