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KGL, KGL RESOURCES LIMITED
wolverine
post Posted: Oct 17 2014, 02:04 PM
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In Reply To: melua's post @ Oct 17 2014, 01:15 PM

None at all



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melua
post Posted: Oct 17 2014, 01:15 PM
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In Reply To: wolverine's post @ Oct 17 2014, 10:37 AM

No need to be chasing prices in this market.

 
wolverine
post Posted: Oct 17 2014, 10:37 AM
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In Reply To: melua's post @ Oct 17 2014, 10:19 AM

240k at 29c if you are that keen



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melua
post Posted: Oct 17 2014, 10:19 AM
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In Reply To: melua's post @ Oct 15 2014, 05:50 PM

Gee this stock is illiquid.

 
melua
post Posted: Oct 15 2014, 05:50 PM
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In Reply To: melua's post @ Oct 15 2014, 05:06 PM

My opinion is that KGL should just "swiss cheese" as much of the Jervois tenements as possible. I'm no geologist so I rely on contacts who are. One of the most conservative geos I know in Melbourne salivated when he was explaining Jervois to me on the weekend.
To date, KGL have identified (to inferred and indicated status) the following:

25M tonnes containing 280,000 tonnes of copper, 18 million ounces of silver, 120,000 tonnes of lead/zinc and 113,000 oz of gold.

The copper alone has an in situ market value of $1.8 billion. What's the copper worth right now in the ground???? Well, given the credits that will be banked from the silver, gold, lead and zinc, I think it's fair and reasonable to value the copper at 5% of the market value thus applying a 95% discount.
So simple math tells us that the copper alone is probably worth around $90M right now and to be honest, I think 280,000 tonnes of contained copper will prove to be very conservative.

KGL are currently drilling a deep hole at Reward.

"Preparation of the drill pad for the deep diamond drill hole under Reward is now complete with drilling planned to commence later this week. This deep drill hole is designed as a stratigraphic hole to give us a better understanding of the style of the deposit and to locate extensions 200-400m below the current resource boundary"

This could be a huge game changer if results are positive. Right now one would be confident KGL have a potential economic open cut mine. If deep drilling extends the mineralisation foot print to include potential for a high grade underground copper mine then we have super pit potential.

In summary, just keep drilling. Every dollar spent drilling will add multiple dollars to shareholders long term.



 
melua
post Posted: Oct 15 2014, 05:06 PM
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In Reply To: melua's post @ Oct 15 2014, 01:11 PM

"At Green Parrot, in-fill drilling will be conducted near hole JOC062 that intersected 18m @ 4.92% Cu, 1.54% Pb and 240.5g/t Ag from 10m under old workings to the north of the Green Parrot pit. Green Parrot North was not previously included in the resource. Deeper drilling will test for extensions to the high-grade Pb-Zn-Cu sulphide lens intersected in JOC176 that included 6m @ 8.55% Cu, 15.08% Pb, 10.95% Zn, 679.7g/t Au and 4.87g/t Au from 48m."

This is just one of many highlights from the completed drill program. The next drill program (70 holes for 6000m) that has commenced will be very interesting. Seriously, 18M at 5% copper only 10m below surface is a fantastic start to identifying a seriously valuable copper deposit at Green Parrot.

I suggest people read the recent reports on the Jervois projects.

 


melua
post Posted: Oct 15 2014, 01:11 PM
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In Reply To: melua's post @ Oct 14 2014, 12:11 PM

Seriously undervalued. Some question marks over management for me but if Jervois is as big as I think it will be then it wont really matter who is in control because I can see it being taken out by a major.

 
melua
post Posted: Oct 14 2014, 12:11 PM
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In Reply To: wolverine's post @ Jul 31 2014, 12:20 PM

Bought at 22c yesterday. Didn't get filled for what I wanted but something is better than nothing at that price.

 
wolverine
post Posted: Jul 31 2014, 12:20 PM
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ohmy.gif



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wolverine
post Posted: Jul 30 2014, 01:40 PM
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More results and the qtrly over the last few days.

Looking pretty interesting over the next 18mths as they improve their understanding.



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