Re: Puzz, What is Kimber Worth?
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Message: What is Kimber Worth?
Puzzleman, 
I have included Resource Estimate M, which was done in 2007. It is my understanding that this will be upgraded to Resource Estimate N (If that is the correct terminology) within the next 60 days. That might be overly optimistic. This resources estimate can be found on Kimber's website under "resources." Baires, sorry, when you asked me about a resource estimate previously I was thinking you were referring to a formal feasibility study. As far as other things go, it is my understanding that while Kimber could one day open its own mine, that is NOT the plan right now. Per Eric King and Jim Puplava's Pac-Man Theory, as outlined on the show many times, the idea is that the Majors will start buying juniors as the gold bull market progresses. Management's plan right now is to do everything to insure that Kimber will be one of those take out candidates, which I feel they are doing very well. Bull
Tonnes Gold (g/t) Silver (g/t) Gold Eq.* (g/t) Gold (oz) Silver (oz) Gold Eq.* (oz) Carmen Deposit Measured 23,270,000 0.78 44 1.37 583,100 33,180,000 1,025,500 Indicated 9,950,000 0.68 26 1.03 218,000 8,460,000 330,800 M & I 33,220,000 0.75 39 1.27 801,100 41,640,000 1,356,300 Inferred (Block Model) 3,530,000 0.64 17 0.87 72,600 1,950,000 98,600 Carmen Deposit (higher grades, beneath Estimate M) Inferred 703,000 6.41 67 7.30 144,800 1,513,000 165,000 Carotare Deposit Measured 1,680,000 0.81 29 1.20 44,000 1,578,000 65,000 Indicated 1,020,000 0.83 29 1.21 27,000 945,000 40,000 M & I 2,700,000 0.82 29 1.21 71,000 2,523,000 105,000 Inferred 3,780,000 0.85 25 1.18 103,000 2,987,000 143,000 Veta Minitas Measured 701,000 0.63 88 1.80 14,200 1,974,900 40,600 Indicated 176,000 1.03 105 2.42 6,000 591,800 13,700 M & I 877,000 0.72 91 1.93 20,200 2,566,700 54,300 Inferred 400,000 0.37 69 1.28 4,500 840,000 15,700
Total Resources Measured 25,651,000 641,300 36,732,900 1,131,100 Indicated 11,146,000 251,000 9,996,800 384,500 M & I 36,797,000 892,300 46,729,700 1,515,600 Inferred 8,413,000 324,900 7,290,000 422,300
Monterde Resources
* Gold-equivalent assumes equivalence of 75 units of silver to one unit of gold.
Updated: September 5, 2007
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