new gold discovery, page-19

rb

as far as "wou" is concerned, watso should have previewed what he was going to post - however, watso was going to use the word "WOUld" - but then changed his mind about what he was going to post - and did not delete the appropriate part. watso sort of thought that the mill was at the southern end of the chatree leases (watso should double check, but cannot be bothered), and the ore coming from the recently granted mining leases would travel a lot more than an extra km.

rgdk has made an interesting comment -

"re de-risiking the expansion via better resource estimation"

something to keep in mind, and watso really has no idea - suffice to say, that from what watso understand the situation is that for chatree there needs to be a sell down to the thais, so watso would presume that the chatree operations would be seperate to the new exploration activities - ie a different legal entity. on that basis, watso would guess that any expansion, and the funding would be tied to the chatree leases (of course, kcn could offer whatever securtity it wanted).

the situation as it is now, is that the markets are stuffed, and the reality is that anything can happen. there is no doubt, that kingsgate are sitting on a gold province. the recent discovery was brilliant. without double checking what watso wrote previously, but there were only about 2 dud holes in about a dozen holes - that is awesome - and they were widely spaced

watso was first interested in kcn, when they started to report good drilling results from chatree - and that was donkey years ago. the shares at the time got as high as $3 + - but watso did not buy - but bought a lot lower - ie sub $1. the bottom line is that anything can happen.

from the way that watso understands the situation, is that kcn have to purchase the land that they intend to mine etc etc, so there could be a lot of hurdles.

just a few words in passing from watso - just trying to call it the way he sees it





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