KBL - CHECK THIS PRESENTATION OUT
http://www.proactiveinvestors.com.au...s_may_2016.pdf
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KBL - CHECK THIS PRESENTATION OUT
http://www.proactiveinvestors.com.au...s_may_2016.pdf
A cheeky 30% on the first day in VML.... Hopefully get a 10 bagger out of this one or more if Gold keeps going and Tungsten also moves up... Interest is building in the junior gold miners with some other juniors moving quickly up to 100 million market caps off low bases...
I am used to buying / accumulating and not selling so an ideal outcome for me would be just to buy and sit tight in all my new positions while gold goes on a 2-3 year bull run
well done -Stockrooster im also very happy with VML and justifIably so - one for me to hold and wait - Tungsten is out of favour and GOLD is the current strategy and value - hence market pricing it at 2.5c - we need tungsten to go up dramatically so willl have to wait for that one - onwards with the drilling in Africa :)
i also bought KBL today at open - turnaround story for a gold and silver producer and way undervalued and they also have a MASSIVE silver deposit which they have mining approvals for :)
One gold micro that is due for some love is CAV...talk about the ugly duckling.
CAV is not a producer Aotea
KBL is producing GOLD/SILVER and well under radar with low low market cap
looks like CAV have no cashflow - just looked at quarterly - KBL generated over $7 million EBITDA last QR :)
KBL - CHECK THIS PRESENTATION OUT !- i picked up 2.5 million shares today at .006 :D
http://www.proactiveinvestors.com.au...s_may_2016.pdf
Yes I bit the bullet on CAV sold out in disgust back at much lower levels ...got pumped by lithium dream that from last look has gone by the wayside ...If I was you I'd be getting out asap... better off increasing your MKO holding IMHO .....wouldn't be surprised if MKO is working on another lease deal to take the plant to full 2.3mtpa capacity = 12-15mill p.a EBIT
ARK mines AHK worth a look
Picked up a few KBLO today at .003 ....ex price .005 AUG 18 ex date ... if silver does explode and we see it back around its mean ratio with gold 45:1 at current AUD gold price would see AUD silver @ $40oz ... the likes of KBL will do very well
ORR closed on the day's high at 55c, chart looks great but there is no volume available so it's for investors right now not traders. I hold these and mentioned them recently on this thread. Since I got in they've had great first drill results on their second project (apart from the main game gold project) which is nickel/copper at good grades and over a wide area.
KBL - I decided after checking out a number of announcements and write-ups that it's far too high risk for me, management is almost certainly not top tier and there are a number of issues including the CN's. Anyone know what the AISC is? And what is the achieved price per ounce for their sales? Just as a matter of interest.
Unit cost of production for the quarter was $1,299/oz Au (including Ag credits and
streaming costs). This is an increase of 18% from the March quarter (reported at
$1,097/oz). The increase in production costs are a direct result of the cracking in
the Pearse haul road in early June which has now been rectified. The unit cost of
production for the months of April and May averaged $909/oz Au (including Ag
credits and streaming costs), this is a decrease of 17% from the March quarter
Continued production from the Pearse Open Pit is expected to deliver some 7,500 ounces of gold and 100k
ounces of silver during the September quarter with 5,500 ounces of the gold derived from concentrate and
2,000 ounces of gold in bullion from the CIL plant.
Very coy with the sale prices but seems there production is back up to normal levels
LOL KBL management dont need to be absolute top tier. to be fair they have turned the company around , now we need market to value it which is what all the recent coverage is all about - Greg Starr has turned around KBL fortunes since January and they have some outstanding assets, Mineral hill, Sorby hills (4.1 million ounces silver ) including a production processing plant with a $30 million spend over years - they will return to former glory and i will be holding a truckload- i think the problem is some have been burnt so they will be risk adverse however i see KBL as an opportunity - different strokes for different folks aye?
Their gold production is not hedged to my knowledge so at market prices - The total mine life of Mineral Hill exceeds 10 years and if KBL can continue to produce positive cash flow, will be in the area for some time yet.
so as gold increases so does their bottom line - as much as i like their GOLD - Silver would have to be one of their sharper plays with Sorby hills , Aussies largest silver deposit
I think all of the above underpins the rediculous market cap which will soon be back up 100% on todays close GLTU all the best Schu
cheers Schu :)
KBL - I don't like the description of "unit costs' I would like to know the industry standard AISC. I also want to know the achieved gold and silver price per ounce bearing in mind 73% is in concentrate form, so I can then see the margin.
I'm no expert on KBL ....as to my small spec purchase in the opts today ...but on the basics of what attracted me...at this early stage
-micro-cap only worth 8.2mill ....
-has own new upgraded CIL plant 350ktpa (only one for 80kms radius ...)
-Is a producer with large cash-flows to Mktcap....
-Silver exposure ... silver always outperforms in Gold bull markets ....it returns to the mean Ratio SILVER:GOLD 45 ...we will see $40oz+ AUD
Also -denpal I see in KBL last presentation(april) they give a est future AISC 900-1000oz AUD ..
Of course there is issues ..... creditors paid in shares recently(may keep a cap on SP for a time) ... eliminate of its 6 mill debt to keep creditors happy etc ...unproven new mgmt....poor results from old mgmt
High risk high reward....