What I reckon Kal should do is keep banging away with their drilling and feasibility work and once gold gets above $US1,200 oz look to do a toll treatment arrangement.
Thee main aim in the short term is to grow the resource inventory and hopefully at a higher grade.
Ounces in the ground is what this game is about, mo need to rush to production until the margins are real fat and one thing is for sure, the margins, thanks to where the gold price is going, are going to be real fat.
The only losers position in this game is if you are an explorer without any ounces in the ground.
You need to be playing this game with a resource inventory of note and Kal's got that.
The gold price will end up taking care of Kal's low grade.
The last thing you want is doing a Monarch and going into production without a solid margin.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
