I haven't looked at Kinross' balance sheet, but as in all downturns, the companies that have the least amount of debt will come out strongest. It's very easy to overspend in good times, and it's very hard to be disciplined in such good times.
This story illustrates another very important point for Kimber shareholders to keep in mind. Everyone has been worried that the big companies were going to come in and buy out Kimber and other junior miners while the prices were down and screw over all the small shareholders who bought at $3. What people forget to take into account is that NOBODY has any money. The takeover binge won't start in earnest until things turn up again. It's very hard to write a check for Kimber when it's in the dumps on paper, because, it's very hard to believe when no one else believes. IT's that simple. People talk a big game, but writing a big check is a very different matter.
Also, for those of you worried. Puplava knows what he's doing. He may not be the Oracle at Delphi, but he is a very smart businessman and he knows how to protect himself. No one will buy Kimber out from under him. If you think someone will, you are betting against the wrong person. Bull