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SN3165 (< 20)

Kimber Resource Update - Best Value Play Out There?

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October 24, 2012 – Comments (2) | RELATED TICKERS: KBXRF , PPP , BRD.DL

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" 

 

2 Comments – Post Your Own

#1) On October 24, 2012 at 10:44 PM, XMFSinchiruna (26.96) wrote:

I think it'll take fresh expansion of the UG deposit to attract a bidder, but yes at this price I'm bullish for an eventual bounce. I was intensely bullish myself before speaking to some very knowledgeable folks who expressed some reservations with the mine as proposed.

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#2) On November 25, 2012 at 1:18 PM, azinsd (< 20) wrote:

TMFSinch,

 Would love to hear more about the reservations on KBX.  Does the mine as proposed present unexpected challeges, costs?

Considering the gold and silver resources, it seems like it should revisit its 52 week high.  Your thoughts?

 Thank you.

 azinsd

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