Hi Soarer, I am a speculator like us all. My thesis is there is value here atm, you can see it with the Gold price, KRM producing and making FCF+, Building bank, trading under cash and soon to drill to see what kind of extensions they have. We know the gold is there, but what is the cost to extract is the major concern i have, but with a minus EV and growing daily, i see it excellent risk versus reward play.
I held KRM last run from 30c to 1.20, a life time ago now. Didn't think i would re enter here, but i smell an opportunity with low downside risk, hence i entered. Today is one of the highest volumes KRM has done in a very long time. Cleaning out stale hands.
The longer Gold stays above 1700usd, the more bank KRM makes.
Soarer, any idea what capex could be and when will it be needed ?
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