Here's the lowdown on the latest Kimber News, in plain english:

1. On the Monterde Property, Kimber originally had 1.5 gold equivalent ounces (meaning 60% gold and 40% silver, valuing the silver at 1/70th an ounce of gold). This new update gives them 1.8 million gold equivalent ounces. That is not the big deal, however. The big deal is that the old estimate showed 1.5 million ounces with an average cut-off grade of 1.1 grams per ton. The updated estimate shows 1.8 million ounces with an average cut-off grade of 1.6. BUT, and this is the BIG BUT, there are 1.2 million ounces with an average cut-off grade of 6 grams per ton. This basically means that Kimber has 6x the concentration of gold at the site than it thought it had before. In other words, for every ton bucket of ore they pull out of the ground, they are going to get 6x the amount of gold they thought they'd get. These are very high grades. There are no other properties that I yet know of in Northern Mexico, in the Sierra Madre, that have grades like this.

2. These are only the estimates for the Monterde Property. Kimber also has the Veta Minitas and the Coratare in the same area. They also have the Perricones property to the south of Mexico City.

3. Also, Kimber was unsure how to value the silver they were finding in the past, because the metallurgy (Analysis of how much metal they could actually get out of the rock.) (It doesn't matter if you have 85 grams per ton if you can only recover 1 gram.--Not a likely scenario, but I use it here for demonstration purposes.) The metallurgy has shown that the silver recovery will be 76% and the gold recovery rate will be 96%. Needless to say, this is very good.

4. If you watch my video, http://www.youtube.com/watch?v=jl9kDNfVvVU, you will be reminded that Coeur D'Alene, Agnico-Eagle, Minefinders and Goldcorp all have producing mines in this district. None of these companies have a deposit with these types of gold grades. None of them. This is a major discovery, a game- changer, if you will.

5. Six grams per ton of gold is easily mineable. That means that just for the Monterde Property, if you multiple 1.2 million buy $1140 an ounce and then subtract the $650 it will probably cost to get the gold out of the ground, including fuel, labor, etc, (essentially all mining costs), you are left with $490 an ounce x 1.2 million ounces. That is a market value for the company of $550 million dollars. And this ONLY includes the Monterde Property. The ENTIRE COMPANY is presently priced with a market value (All the outstanding shares multiplied by the share price) of approximately $50 million dollars. In other words, Kimber, right now, remains a tremendous bargain. My guess is that it will not remain so for much longer.

We are all in very good shape, Bull