Good morning all, I know this is THE big question and I know I...

Good morning all,

I know this is THE big question and I know I am probably being simplistic, but I note with interest that KAI announcement this morning.

This is another explorer that has "confirmed" a resource of significant size, similar to the TYX announcement a couple of weeks back i.e. JORC of 200-300,000 Oz.
BUT, in the next breath it is stated, we will continue to explore......

Why doesn't anyone want to mine the gold they have found - AUD$1,600 per Oz. Even the small end of the JORC 200,000 x AUD$1,600 = $320,000,000.

Yes please..I'll take it - 10% would be a fantastic start.

Surely the benefit of mining and selling the gold must out-way continuing to wait and more exploring.!!!!

As I said, I am probably being simplistic, but I wouldn't have thought digging something out of the ground and selling it is that hard.

Cheers!
Catweasle