KMC 0.00% 0.6¢ kalgoorlie mining company ltd

A rounded bottom reversal in play with a target price of .34c...

  1. 1,197 Posts.
    A rounded bottom reversal in play with a target price of .34c which gives approx 80 mill market cap. no doubt that the .20 mark will be hard to push thru. perhaps we will see it (>.30)in the 2nd qtr 2012, that is if the world hasnt melted down. Funny mentals are improving at a great rate. Look at the last 2 weeks. Gone from we have some dirt with gold in it toooo, we have shiped off our first load of dirt with gold in it to be processed and we are going to get 2 mill for it. Then today, we have someone who wants to pay us to process their dirt with gold in it.

    Even with current markets on edge of a meltdown we will still remain an ongoing concern (if pog stays above production costs which is ???)whilst many explorers will shutdown or be asking for money which people wont give.

    IMO we have limited downside to share price from here,

 
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Currently unlisted public company.

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