KCN 1.18% 42.0¢ kingsgate consolidated limited.

adjusts hedgebook, page-3

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    your answer is at


    the grade in years 3 and 4 (as in original estimates-before prospect A) does decline,this is offset by increased ore throughput,also the $30 mil loan from McQuarrie will be paid off This will allow a minimum of 30c per share dividend to be continued.

    I suspect that behind these figures Kingsgate will develop a acquisition programme or develop further Thai/Laos propities .

    One thing is for sure that the plant will be owned by KCN and has the ability to draw from a 150Km radius for toll treatment (in the far distant future)
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