I for one am very happy with this latest announcement and LOOKING FORWARD TO upcoming announcements coming this quarter.
this is some cut and paste sentences from their latest announcement that again really helped me reconfirm my faith in this company.
total indicated resources now stand at 17.4m tonnes at 1.7 gms per tonne gold for 950k ounces, an increace of 1mt and 60k ounces over previously reported resource announced in dec.
this resource upgrade puts the company well ahead of most other comparative gold companies and provides the directors with significantly MORE CONFIDENCE the upgrade resources will enhance the scoping study underway.
deposits now stand at 26.3mt at 1.7 g/t for 1.44million ounces.
the scoping study due for COMPLETION BY THE END OF THIS QUARTER.
the company completed the VTEM survey 30th jan and NOW BEING PROCESSED to determine the next phase of exploration.
CLINKER HILL-NICKEL
it is hoped that the squid survey will be completed and PROCESSED BY THE END OF THIS QUARTER.
SUMMARY
as you can read, the recent announcement is just a follow-up to the progress this company is making.
The company has greatly increased its JORC to 68% from inferred, I repeat inferred.
Better Announcements still to be released.
The upcoming announcements are going to be positive enough to get the options in the money so fund raising will not be required.
It has a prospect to have a great nickel resource.
We all realise this is undervalued.
I'm not a T/A, I believe in fundamentals. this shows me all the fundamentals of a undervalued sp.
all IMO of course.
I hold KAL, KALO
regards
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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