"So this mine had several owners and was closed several times because all of the former owners could not find any more profitalble ore"
....yet we're pulling $1m a month profit. Crazy hey!
"We are lucky if they don't spend much more over these 5 years than they expect to earn."
60 months x $1m PROFIT per month...$60m profit without having to find anything new.
...plus Misima value (independant $150m sale price)
....plus insured value of plant of $72m (noted in ann)
....plus $6.8m cash on hand.
Not a bad bet I'd say
News: KSN Kingston Resources Says December Gold Production At Mineral Hill Reached 1,347 Ounces, page-8
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