"what can we expect from KGL over the next 12 months until drilling actually begins at Andash?"
You mean "production" I think rather than drilling?
Catalysts for share price re-rating? Acquisition.
Very aggressive drilling program in 2011.
Perhaps purchasing put options in the by-product copper at $5/lb and locking in $82,000,000 revenue per annum (7,500 tonnes X $11,000/tonne)effectively then producing the gold at a cash cost of negative $400 per ounce?
Gap between share price (15c) and NPV (30c) to close as plant is being built.
KGL Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
