undervalued, page-54

A few points Slife:

1. Drilling 1460m for 460kAud is excessive. Even in remote parts of Canada it isn't that expensive.
2. Capex studies incoming and cash drain may start if they don't increase production. They have flagged a weaker August, and nothing re: guidance for coming qtr. Scarred the market IMO.

What will capex be for UG mining ?



UG is the only option as mentioned above capex and expenditure incoming.



Lastly Lower grade continues into August and no real guidance thereafter.




The way i see it, $KRM has a good turn around chance, and has the cash to do it. But this qtr they need to publish UG mine plan with life of mine, capex and opex. Once you get a sense of the economics, then one can get a better picture.

Today's action was sell now and see later.