What I like about this company. Although I own a number of the big mining plays through a precious metal fund I hold, I only hold shares in a few small exploration plays like KBG.
I have followed many junior exploration stocks over the years and most I only held small positions. Never have I held as many shares in a junior like KBG.
KBG has been one company that I have followed for many years but only within the last 2 years have I increased my position to what I hold today.
Without a doubt I have been a contrarian most of my life and that would be true on many subjects.
So why am I so vocal here and why have I invested so much time disecting this company and the properties it holds?
Let me quote from an article I recently read from www.paulvaneeden.com
The more you mine – the less you have left to mine. Mining is a depleting business and in real life mineral deposits are depleted fairly rapidly while at the same time discovering new mineral deposits happens only occasionally. Even after discovery, it takes a long time to develop mineral reserves and complete the construction of a mine. Hence the lead-time to bring a new mine into production, from the time a discovery is made, can be five, ten or ever fifteen years.
The above paragraph clearly shows that finding and developing a new deposit is no piece of cake.
Having said that finding a deposit also requires the right geological structures and or occurances.
Case in point. KBG has in my view some of the most amazing properties in Ontario that still have the right geology but have yet to see the right level of exploration.
Properties like the Menary, The Goldhill Blackjack and the Darkwater speak loudly to me.
This management team of the last couple of years refuse to give up on their dream.
Their dream is to build from the properties a real exploration company.
I am proud to be a shareholder here and will continue to support this management team as long as I see evidence of their determination remaining the raison d`ètre.
all in my humble opinion.