KMN 4.00% 12.0¢ kings minerals nl

market darling 2005, page-28

  1. 8,972 Posts.
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    good post periscope, but there ARE Copper credits (As well as minor zinc and lead) and the silver will be enough to make it viable, assuming thegold deposit is big enough in the first place. 25g/t silver not a lot (ie cant be a standalone silver mine, far from it) but enough to make the low gold grade possibly viable. Copper averages around 0.15% from memory.

    Word on the 'street' is that the actual deposit could be many many times bigger than what was expected and apparently this will show up in their next drill ann...hence why i bought some.

    Of course it could jsut be the 'street' sustaining the stock for people to sell out.

    Who knows...but i think they are onto something personally.

    There are many other small miners out there that are much safer than this, specially given KMNs market cap which at the moment probably isnt justified until it delivers better drill results.

    Im definitely not rating this as a buy for anyone though...just posting against some of the misunderstanding thats on here.

    Cdchi1
 
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