mark53 lets not forget that the co. is on a road show, dates below
Denver Gold Forum, Denver: 18‐21 September 2011 RB Milestone, NYC: 22‐24 September 2011 RIU Melbourne Resources Round‐up, Melbourne: 28‐29 September 2011 Mines & Money Australia, Sydney: 10‐12 October 2011 Mining 2011, Brisbane: 26‐28 October 2011
so if its released at the end of the month i can see why,they are busy promoting
the grades and tonnes should be the same or there about as previous month, the only thing i can think of is rain?? causing the trucks not to haul, Has it been raining in kalgoorlie in the last 4 weeks?? it is winter??.
raising $20mil in this market should be no problem especially when the gold price is $1800 est.,gold is the safe haven at the moment
based on there current operation one would be producing gold for about $1100 per/oz est. but if they have their own mill that cost comes down to about $650 (thumb suck).
that makes about 1200 per/oz profit times that 25000oz per yr =$30mil per yr
so getting the $20mil for the mill and paying it of,its a low risk deal!.
What is needed now is patience..slowly slowly catches the monkey
KMC Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
