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Message: Kinross now bigger and better

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Something to ponder

posted on Sep 16, 08 08:15PM

Kinross, according to Yahoo Finance, has 47million ounces of proven and probable reserves. ARU's FDN deposit easily adds 50percent to that (about 20million ozs.). Assuming that the new mining law lets K keep all the other land w/in the 90,000 + hectares of concessions held, the chances are that ARU will eventually more than double K's current reserves; this is likely to be even bigger if the Western Fault is found within the ARU holding. Given the economies of scale that can be had with a concentration of reserves in one area like the ARU concession, I think it is fairly certain that K will be seeking suitors for its non Ecuadorean holdings, beginning with Russia, but likely to include Brazil and Chile and even the USA holdings. K is going to need some cash to develop and operate the ARU holdings, and the fastest way to get it is to sell some of these other, less than stellar, sites.





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