KMN - Kings Minerals

[jooooooles]

These molly grade are absolutely massive and mindblowing. One you have to remember though that there is 60% actaul Mo (molybdenum) in every part MoS2 (molybdenite)

So the grades would be as follows;

329 m @ .31% MoS2 = 0.18 %Mo
73 m @ .43% MoS2 = 0.25 %Mo
330 m @ .54% MoS2 = 0.32 %Mo
48m @ 1.13% MoS2 = 0.67 %Mo

Latest annoucement:-

5 meters @ 1.48% MoS2 = 0.88% Mo + 2.18% Cu
48 meters @ 0.48% MoS2 = 0.28% Mo
90 meters @ 0.29% MoS2 = 0.17% Mo

Go and compare the grades with Blue Pearls (TSX) Phelps & Dodge 2 of the biggest molly producers in the world. Go and have a look at their previous annoucements and compare the holes/grades.

Go an compare with the grades with Molly Mines (MSL - ASX) - They have a JORC Resoruce of 400Mt @ "0.06% Mo"

Not worried about the U one bit - espeically with the Queensland factor.

What is very exiciting as well is the iron @ Mt Philip. We haven't received any assyas from this little gem have we?

 

[Sean K]

Looks like it's just me and you on this jooooles.

When i queried Dudley on the NZ Geologist's report that Kalman had a resource of 40Mt @ 1.5 % Cu EQ (4-5 billion in ground value of the top of my head did the maths a while ago) he was cautious in giving an answer. I suspect that this will be easliy acheivable and i would speculate that it in fact could me more around the 60-75Mt mark.

I remember him mentioning this at the Melbourne meeting and he also compared Kalman in terms of CuEq to CDUs potential deposit and it's market cap. He reckoned that Kalman would be more valuable that Rocklands, but KMN was only really being valued on San Anton. When I looked at the analysts reports on KMN they were practically saying the same thing. There's hardly any value in KMN attributed to Kalman and it could be a company maker in itself. Plus, they have 11m oz AuEq in Mexico!!!

These molly grade are absolutely massive and mindblowing. One you have to remember though that there is 60% actaul Mo (molybdenum) in every part MoS2 (molybdenite)

So the grades would be as follows;

329 m @ .31% MoS2 = 0.18 %Mo
73 m @ .43% MoS2 = 0.25 %Mo
330 m @ .54% MoS2 = 0.32 %Mo
48m @ 1.13% MoS2 = 0.67 %Mo

Latest annoucement:-

5 meters @ 1.48% MoS2 = 0.88% Mo + 2.18% Cu
48 meters @ 0.48% MoS2 = 0.28% Mo
90 meters @ 0.29% MoS2 = 0.17% Mo

Go and compare the grades with Blue Pearls (TSX) Phelps & Dodge 2 of the biggest molly producers in the world. Go and have a look at their previous annoucements and compare the holes/grades.

Go an compare with the grades with Molly Mines (MSL - ASX) - They have a JORC Resoruce of 400Mt @ "0.06% Mo"

Not worried about the U one bit - espeically with the Queensland factor.

What is very exiciting as well is the iron @ Mt Philip. We haven't received any assyas from this little gem have we?

I haven't done the comparison between this and Blue Pearls, or Moly Mines but I will. He was mentioning Blue Perls to us actually and encouraged us to compare. It's worth billions isn't it? Is he saying that Kalman has the potential to have the same tonnage?

You've mentioned Moly Mines. I thought they had 469Mtns at Spinifex Ridge, not 400Mt? Close enough. Market cap is about 80K shares x $4.75 = $380m.

Kalman's grades are much better but there's a big difference in potential resource there. 40Mt to 400Mt? Am I right there?

Kings is currently about $370m with two world class potential projects.

A bit of consolidation once again which would be expected just at the psychological $1.00 level. It's not quite overbought at the moment, but I wouldn't be surprised if there's more consolidation short term.

 

[jooooooles]

Yes your right i was meant to type + 400Mt (wasn't exactly sure of the top of my head MOL resoruce)

As to the amount of tonnage, your exactly right, this is the key to Kalman. We have no idea of what kind of tonnage there is, when this becomes more clear we will have a better understanding of what it worth. The grades are huge, there are visible signs of molly is the assays.

I tried calling the company this week, except I was informed Dudley was in Mexico & that Tony McDonald no longer works for the company.

I wouldn't expect to much of a consolidation, still results pending from the lab I beleive. Wait till we get these out and there is some volume traded. If there anything like previous announcements it only set to reasure me that Kings is sitting on a monster...

 

[Sean K]

Kings have just appointed two new key players to the management group to take their 2 projects through to development. This was ann'd on Friday and the market seemed to think it was OK lifting the sp a few %.

We're currently awaiting further assey results from the ongoing drill program at Kalman. With 2 diamond and one RC rig operating the results should continue to flow. I have a lot of expectations on these results confirming that Kalman is a significant deposit and will turn into a large scale development.

The GM is currently in Canada I believe doing a roadshow to get further interest from the Canadians who seem to appreciate Mo a lillte more than us. Perhaps a listing in Canada will do the trick, although the Mexican operation is already there.

Market cap $370m is becomming a little more heady, but with $7b in the ground at San Anton at current gold prices, there might be still some room to move if Kalman comes up as a 40Mt + Mo deposit as aimed for.

Consolidating now between .95 and 1.05, awaiting further results perhaps.

 

[Sean K]

Profit takers have come in here, but not much volume supporting downward push. Hitting support at 87 ish. Should pause here, or bounce pending market crash etc. Awaiting asseys on the last 2 drill holes at Kalman that had visual MoS2. Hopefully we get something like 0.5% Cu and 0.3% MoS2.

 

[Sean K]

Profit takers have come in here, but not much volume supporting downward push. Hitting support at 87 ish. Should pause here, or bounce pending market crash etc. Awaiting asseys on the last 2 drill holes at Kalman that had visual MoS2. Hopefully we get something like 0.5% Cu and 0.3% MoS2.

Bounced extremely well off support, and headed back up to all time highs now. For the minute. Some singularly good trades gone through the past 2 days, and notice yesterday's white candle on a down day. Perhaps news is in the air. Perhaps Dudley's road show in Canada got interest? Perhaps I'm ramping? LOL

 

[jooooooles]

Broke the resistance at $1.05 late this afternoon and soared to $1.09 by close... If we can break the $1.10 mark which is heavily banked up by sellers we should see another run!

 

[Sean K]

Jooooles, I think you can ramp this all you like because we are the only two reading this thread. LOL Cool it a bit buddy, you're making me excited!

Hit another all time high today and I'm hoping it finishes with another strong close. This last hammer looks pretty bullish, and sets it up well for tomorrow. Again. Volume off a little today though...

The chart of this has been almost text book in places for opportunities to enter. It's had several breakouts from triangles/pennants and has conformed to support lines to some degree. Not all charts go like this though!

Patiently waiting now for more results from Kalman and San Anton. I suspect further Kalman results next. It's their turn.

Waiting for another opportunity for a low risk entry.

Probably needs some more consolidation soon....

 

[Sean K]

Patiently waiting now for more results from Kalman and San Anton. I suspect further Kalman results next. It's their turn.

More Kalman results just ann. My crystal ball is working. LOL

These results extend strike a further 350m. That is going to eventually add quite a bit to the JORC to be completed this year. Once again though, no uranium mentioned here, while in past results there has been significant hits. Odd. Must ask them about this.

Interesting note here that they've completed 2 holes into Mt Philp, targetting Iron.

Waiting assays now from this and also hole K29 which was drilled to test the mineralisation above K23.

What do you think of these results Joooools?

 

[Sean K]

More drill results out on the K29 drill hole, and while they confirm the continuation of the resource the grades aren't what I was hoping for. Been looking for about .3% MoS2. The .18% is OK I think, but from 204-265m there's little trace. Some decent Cu hits though. I'm sure Kings were hoping for better Moly grades there as they're flying this more as a Moly deposit than Cu, Au, or U3O8. Still, the deposit is expanding.

I've sent an email to the company asking for some guidance of when the first JORC might be expected. They were also supposed to have a forth rig on site by April, and why isn't there any uranium mentioned here? Must be drilling an area with none perhaps kennas!

 

[jooooooles]

Kennas,

I was extremely excited about the first announcement and a little dissapointed about the 2nd announcement.

Considering they mentioned that there were visible signs of molly from K29 I was expecting higher grades than what was reported. Don't get me wrong I have the upmost faith in this one and so do the punters by the looks of things. Noticed how the buy side and risen and filled the gaps between 1.00 and 1.07 over the last week? I think it will consolidate around the 1.10 mark for a while - seems we are banked up by a few sellers here - but if this is broken it could go for another run.

Having said that the strike from K23 is massive. The Uranium is an interesting one - I don't know where it has gone - not really bothered though but would be interesting to find out.

The results from K 23 199 metres @ 0.16% MoS2 = .096% Mo - These are more than respectable grades - not as good as previous announcements but more than econimcal (Do a comparisson with MOL / QOL)

And I think they have 4 holes awaiting assays from Mt Phipilp K24,25,26,27 as well as some pre collar RC ones south of K23

If you get a response back from the company Kennas can you please post it or summarise it here? Have sent a few emails latelt but it seems ever since Tony McDonald left the company they have been a bit slack replying and Dudley is always on the road or overseas...

In terms of JORC - would be expecting that around July - August. Make no mistake we will more than likely see a mine at Kalman and this was confimred with Dudely when he did the road presentations a few months ago

Lets not forget the following results which we already know

K17 - 221 metres @ 0.10%MoS2 Eq or 0.80% CuEq

K18 - 119 metres @ 0.13%MoS2 Eq or 1.02% CuEq

K19 - 329 metres @ 0.31%MoS2 Eq or 2.51% CuEq

K20 - 339 metres @ 1.13%MoS2 Eq or 9.02%CuEq

In regards to re entry point - everytime this one dips down to 1.05 - 1.06 I have seen it quickly climb back to 1.10 - there shares are tightly held by many investors imo.

Cheers

Julian

 

[Sean K]

More San Anton drill results out at the Cerro del Gallo deposit which has a current inferred resource estimate of 11.09m oz au equiv.

These results are significant in that it will extend the resource even further and proves that it is still open at depth and along strike. Further upgrades should be expected. While the grades seem low to me, this is a massive resource.

 

[Sean K]

Joooles you still there? Knock knock!

I'll just continue our little discussion between ourselves here with a chart update.

Not sure if I like what I see here. Could be falling over at $1.10, but is really fighting to hold above $1.00. Each time it drops down a buyer or two come in to lift it up EOD, creating little tails on the candles. Would mean good support if there was more volume, but it hasn't been big. Also, I see a head and shoulders formation occuring on the way up, which if true would give a downward target of about 90 cents which happens to fall on the 90 support line as well. Could find ourselves in the green circle on a pull back/consolidation. Might be tenuous. Perhaps I'm seeing things! The divergence on the MACD is giving me nightmares!

Anyway, what's next? What ann is comming next? My guess is.....The fe drilling results from Mt Isa.

 

[jooooooles]

Kennas - no need to panic here. One thing to remember Kings is not a trading stock for day traders and it never has been. Next announcement will be iron ore assays - if these are strong we could well see a rise as the market has gone crazy for iron ore lately. I think we are seeing some goods signs and it is managing to hold at these levels. Yeah I too look at the depth and I have to admit it looks a bit scray sometimes but nothings changed. When it was 55-65 cents it would always go for a bit of a dip and looked like it could drop 25% easily all that had to happed is someone decided to dump a large parcel - but it never happened. On several occassions it has looked at dipping and breaking down to mid 90s and that too hasn't happened. I still think there is a lot of off screen buys just waiting to get in. I

Early in the week on close someone snapped 160k package at 4.10 pm who took 97-98-99-100 cent lines all in one hit. And also got to remember when it was hovering around 1.10 alot of large buys went through.

Emailed the company earlier in the week with a couple of questions yet to get a reply though. Keep you posted

Jooooooles

 

[Sean K]

Not sure if I like what I see here. Could be falling over at $1.10, but is really fighting to hold above $1.00. .....Also, I see a head and shoulders formation occuring on the way up, which if true would give a downward target of about 90 cents which happens to fall on the 90 support line as well. Could find ourselves in the green circle on a pull back/consolidation. ......

Damn, I hate it when I'm right! Well, when the charts are right. Just touched 90 cents, and a man with any funnnymental conviction would top up. I tend to only buy things going up unfortunately. Or, is this really that good? Help me Jooooools, help me....!!!!

With more results pending, including the fe drilling, and the bull crashing through the sub prime loan crystal shop, I might just nibble a few more.

MACD diabolical. Stochastic oversold. :dunno:

 

[jooooooles]

Getting absolutely smashed at the moment on low volume. People are getting impatient I suspect some more hold ups with the assays maybe I don't know. Have tried contacting the company more than 5 times throgh email and phone over the last 3 weeks and not 1 reply. Extremely fustrated at the moment bout to give up on them

 

[Sean K]

Damn, I hate it when I'm right! Well, when the charts are right. Just touched 90 cents, and a man with any funnnymental conviction would top up.

Interesting ann out yesterday regarding Kalman, which is going to be followed up with more anns later this week. Rhenium has been identified in significant amounts in the drill holes already tested which adds another dimension to the project. All past samples are going to be retested for Re and other rare metals to factor into the resource estimate by the sounds. Sounds pretty positive to me.

Bounced well off 90 support.

 

[Sean K]

Interesting ann out yesterday regarding Kalman, which is going to be followed up with more anns later this week. Rhenium has been identified in significant amounts in the drill holes already tested which adds another dimension to the project. All past samples are going to be retested for Re and other rare metals to factor into the resource estimate by the sounds. Sounds pretty positive to me.

Bounced well off 90 support.

More anns expected this week, so watch out. The MD telegraphing these is interesting, and I would expect them to be very positive. (Why say this if they were bad? )

So, anns about Kalman, and 'other' updates may be the fe drilling assays, or more from San Anton.

 

[doogie_goes_off]

Yes Rhenium is a valuable metal, however you need very high grades for it to become an economic factor.

Say you have 0.2% Mo (which is a high grade for a pure Mo deposit)

and 60ppm Re (which is much higer than average grade, they probably took it from their highest grade sample)

Thats a ratio of 0.002 to 0.000006 = 333 to 1

so you need the price of Re to be 333 times that of Mo for it to have the same equivalent value whereas its more like 133 times ($4000 lb/$30lb) and that's assuming that this is a repeatable grade.

OK so I'm using lots of fuzzy figures but basically Re is valuable because it's rare, they need to prove it is consistently of good grade ie: 20ppm plus in the ore zone to make it worthwhile exctracting it.

Hope this doesn't confuse thing too much, but basically it is not that significant IMO, however the market may like it more than me (this usually happens when I ignore it)

 

[Sean K]

More anns expected this week, so watch out. The MD telegraphing these is interesting, and I would expect them to be very positive. (Why say this if they were bad? )

So, anns about Kalman, and 'other' updates may be the fe drilling assays, or more from San Anton.

Well, if the ann released this morining is the ann (s) about Kalman and other information, then this is positively false advertising. Pretty damn ordinary unless they come out with something else before the end of play. Almost deceitful. ASIC should be on their @rse! I wait to be corrected.