yes, great interview ...you get the feeling it's not going be if...

yes, great interview ...you get the feeling it's not going be if but when KRM discover something large enough for BHP to throw major capital to take to pre-DFS..

BHP's $20mill this year to look for targets on permits that are non-core to KRM Geo work
The goal is to uncover a massive sulfide signature.

Next year exploration drill-ready targets with BHP funding ...in the earn-in phase where targets that BHP like will have to fund another A$56mill per target to secure 75% control .... each target (he's hoping KRM guys find more than one target of BHP scale)

Fabian - confident in "Penikat" in becoming 5MOz to 10MOz High-grade PGM discovery
like "Rana" Ni/Cu/Co these projects are 100% KRMs (Maybe BHP might be keen in time?)

so this is what makes me want to continue to add to my position ...

KRM closing value is A$37mill

they have least A$26mill in cash so that gives us an E/V of $11mill

Now if you believe in the Penikat PGM very high-grade discovery using peer low-grade PGM discoveries Mktcaps that E/V is fair value for Penikat at present

So then Zero value for RANA ....

Zero value for the $20mill of BHP funds this year to uncover drill targets

Zero value for upside of GEO work uncovering large targets

...Zero forward value for BHP $56mill per target to take to 75%