KCN 0.00% $1.36 kingsgate consolidated limited.

As was mentioned in the 2012 report - it's tough convincing the...

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    As was mentioned in the 2012 report - it's tough convincing the rice farm owners to allow drilling, while their fields are full of rice. Paying them $1000+ to skip the season could work, but it would be costly for each drill hole. KCN tend to search for non-arable areas that have potential, since it's easier to organise drilling there.

    But it'd be easy enough to convince a farmer to allow you to do rock chip sampling around the area. Then if that show good results, maybe put the money and effort into drilling the area.

    So while KCN is on a tight budget, I think they're focusing on rock chip sampling (even cheap employees can likely do it, and with minimal other costs involved), and from memory, RAB drilling too, so shallow drilling to test out priority targets with easiest access.

    Then when they have more budget, they're going to have dozens of high priority targets to immediate start on. Spiral out from there.



    And Chatree has many pits already. Finding a new resource would likely just mean an additional pit, and hopefully an improvement in grade. So an improvement on Chatree is more likely than a new Chatree, at least in the short term.
 
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