Shane75, I have to agree with you on this one. Based on the latest confirmed in-the-ground reserves, past price history of KMN prior to the latest upgrades, and the outlook for world consumption, SP at least in the short to medium term should be strongly up.
The talk that the US could curb consumption is now not such an issue with China and India on the scene. All the big miners can see no end to resources boom for at least a decade or so based on this demand. Additionally, the Yanks are not stupid; they will not let their economy suffer because of a sub-prime hiccup or their rising personal debt levels. They have a team of ruthless individuals in the Federal Reserve that will make sure of that. They currently manipulate world markets to their favour and will not let their economy go into recession.
As a consequence, demand resources will be retained and KMN's is well placed for that demand (even though it may be takeover suitor that digs their reserves).
KMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
