KMN 4.00% 12.0¢ kings minerals nl

Yeah, that $1251 was based on one assay and they obviously...

  1. 313 Posts.
    Yeah, that $1251 was based on one assay and they obviously picked a good one. That was somewhere in the middle of the high grade Mo/Re zone, which at this stage is pretty patchy. Taking 1/3, or 1/4 is a decent pluck, but we may be able to apply the announced IGV figures to other 'average' intersections. I'll have a crack later. Even so, it's all conjecture from us. The resource model is probably well developed by now and it's only a matter of days before we know whether this is really a world class deposit as they keep telling us. Hopefully a surprise to the upside for the market. Encouraging that it's held up so well today and the 250K buying just plonking his order out there this morning is interesting support.
 
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