TTC, this is the key line, IMO:"The first ore shipment contained...

TTC, this is the key line, IMO:

"The first ore shipment contained 1241 ounces of gold, and KMC would trouser $2.1m before haulage and processing charges."

The ore has to be hauled ~80km by road train. That's a lot of trucks, drivers and diesel. These are extra costs that other gold miners don't have to pay, so I think it's fair to say that KMC's cash costs will be relatively high.

Profitability is yet to be proven, IMO.

When they get a processing plant up and running this company could be significantly re-rated.