Club Mulgoa

Wednesday, March 20, 2019

KSN

I was informed about KSN by stockhead.com.au that notifies me of small companies...

It has 2.8 million ounces of gold resource and it is in elephant country.  However, the elephant is in PNG so it is easier to manage.

https://www.asx.com.au/asxpdf/20190321/pdf/443nm9mv9bc3w0.pdf

Also today, it discovered a covered historic stockpile, dumped when it wasn't economical to process because of its 'low' gold content.  There is no assay done but it could still have a decent amount of gold extractable by modern mill.  Around 2000, price of gold was about USD$300 per ounce, now around USD$1300 per ounce.

The share price was indifferent today!!!

http://www.kingstonresources.com.au/wp-content/uploads/2019/02/2019.02.18-Misima-drilling-update-draft-FINAL-for-lodgement.pdf

I want to buy more if it falls below my buy price at 2c today.

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