WangChung wrote:As always URA/KAB is an entertaining thread.I...

WangChung wrote:

As always URA/KAB is an entertaining thread.

I see a PE of 7 being bandied about.......that PE can only be justified if you can get more than 7 years of consistent production. Has that level of resource been established?If not, I'd suggest the market won't reward KAB with that sort of PE.

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Mine life is well in excess of 20 years on one project alone if they get the JORC compliant statement that Kaboko believes is there. A PE of 7 for a company such as this will ultimately be a fire sale price.

In my opinion, Kaboko the company will follow in the footsteps of Kaboko the Gorilla. The Board is talented, experienced and has done the hard yards elsewhere and has the vision and expertise to get the job done here.

I just hope people can get out of the past and start talking about KAB as it is not URA. Come on ladies and gentleman - enough is enough.