Kimber Resource Update - Best Value Play Out There?
I am long and strong KBX, and not shy about it!
The new resource estimate gives Kimber 935,000 ounces of gold in Measured, indicated and inferred category.
Valueing those ounces at a measly $50 per ounce gives them a total value of $46.75 million. Kimber's total market cap currently at .60 cents a share is just under $50 million! And I have not even included the 33 million ounces of silver...
MEASURED & INDICATED RESOURCES INCREASED TO 640,000 OUNCES OF GOLD & 29.2 MILLION OUNCES OF SILVER AT CARMENOctober 24, 2012
In addition 295,400 Ounces of Gold & 4.6 Million Ounces of Silver Inferred Resources"