KGL Resources Ltd V.KGL.H

TABLE POUNDING BUY!!!

[oiltar]

Look at that drill result this stock should be 50 cents!

Kilo Goldmines drills 23.45 m of 6.08 g/t Au at Adumbi

Kilo Goldmines drills 23.45 m of 6.08 g/t Au at Adumbi

[elgin1]

They have basically at minimum added a third to their reserves to Adumbai deposit ( 100 meter depth past existing 275 meters) . In my estimation they have over 3 million of high grade. The more fascinating thing is that the 80- degree shoots have narrow veins that have 50 to 60g/t Au !!!!!! Kigali mine next door - Rangolds flagship mine that produces 500k ounces per  year has a depth of over

[sometotal]

50c perhaps in a safer jurisdiction, but northeast DRC has seen plenty of conflict, and the risk of a lot more is rising every day that Kabila holds on to power.  If serious conflict breaks out how will they get funding? 50c is not possible near term but zero is.

[elgin1]

Rangold spent $2 Billion dollars building a mine further east . DRC government owns 10% of Kilo so whoever is in power army will protect the mine. Kigali mine is one of the largest in the world.  A major will buy this out ... Rangold or Resolute.   You out really think they will shut down Kigali mine .....conflict in Africa will always be a problem. Cost to mine is cheap they can pay

[oiltar]

Got email from Phil. he said they are working on getting more drill data to update 43-101.They are aslo going to raise the company profile in the media. 4 cents ???? for nearing a high grade 3 million oz deposit??? $6.7 million market cap for $4.5 billion CDN in situ value??? at 4 cents there is near zero risk.

[elgin1]

Deposit is more likely larger than 3 million .... the surrounding property has positive sediment samples all around. Besides the valuation does not take account of the JV with Rangold on the south property.

[andrewkursa]

I totally agree. KGL has a great upside potential especially if political situation in DRC will improve. With this kind of results it's almost impossible to find any other stocks at 4 cents, which I don't think will last for long.

[MoparHellcat]

This post has been removed in accordance with Community Policy

[BullInAU]

This post has been removed in accordance with Community Policy

[goldmike]

Maybe RandGold deal back on? 

[yixter]

It could be they are very cheap at these prices they are only being giving a buck an ounce if u discount the cash lol unreal bargain compared to their peers.