KMC

Had a quick look at the annual report. No profit has been stated (in fact,a loss of AUD$6 million) because it has only just started to produce gold after the annual report. There are impending big capital expenses to develop the mine further, more exploration AND installing their own milling plant (bought second-hand on the cheap). The profit figure should stun the market next time although the establishing cost may have a negative impact still. Still I could be wrong! But I have been accumulating KMC.