Kalimantan Share Chat (KLG)

Bit of an update at the bottom of the page from Elias Jones, the articles author.....

http://www.stockopedia.co.uk/content/kalimantan-gold-indonesian-drilling-progressing-well-67397/

Ties in with the timings as suggested by MB11

Thanks. I have also update my figures and potential target SP ready for the results, with such an intense campaign by Freeport including a number of the all important deep drills I am sure that a JORC of 100Mt could be achieved, it’s then the cut off grades we will have our NAV based on. Will post over the weekend.

The last 3 trades showing here today (1 @4.18 and 2 @4.17 are all buys) and this afternoon on TSX there have been 2 x buys the equivilent of 4.79p

Nicely said - and thanks for the latest info

Thank you for the time you have expended on your last 7 posts. For those that have not researched KLG in depth, then they are of invaluable information. For those of us that have, then they act as a reminder of why we have invested here in the first place …………………….. Well Done MB11

For those who are shareholders or who are considering becoming I would highly recommend contacting KLG management, they are one of the best I have come across for responding to PI questions.

With regards to the KSK now if you contact management you:

May find that after liaising recently with Freeport mgt they are hoping to get the first set of results out at the end of October.

May find that activity on the KSK is in overdrive and that serious money is being thrown at the project by the operator Freeport.

May find that the deep programme activity which interested Freeport through the 3D has been increased by 100% so far.

May find that additional sites are being prepared to delineate the area boundaries, which is often in my experience a giveaway for thoughts along the line of preparing a Bankable Feasibility Study.

Then you may not, the key word is DYOR.

Freeport took the old Geophysical data that we had, and which we had been able to get thanks to funds raised when we went public in Canada in 2006. Nowadays you can look at all that material using a whole new range of technological means, and you can create 3D images of whatever is way below the surface. What Freeport discovered was very exciting in terms of having the size potential they're interested in (they won't consider anything if it's not gigantic).

As for the mining operation itself – assuming we get to that point – it will make use of new techniques Freeport has invented, which are based on going deeper and deeper. As you go deeper, the hole gets narrower and the grade gets higher: a 2 kilometre shaft goes down, then sideways and then upwards.

As a successful mining company we would be in a position to create enormous conservation areas within our concession, because we'd already be out in the jungle, with the infrastructure and the money to have a really positive impact. In addition to all the technical side, Freeport really sees, understands and appreciates the value of what KGC and YTS have done. From their own history, Freeport now understands the importance of taking care of the community aspect from the early days, and the value it would have for its damaged reputation.

They realize our worth and are interested in letting us continue to work in the way we've been working till now. So, this reflects what Bapak told us so long ago, that we can be the initiators and the pioneers who will be able to influence the way things develop.

In the eyes of a company like Freeport, we have achieved an enormous amount, and this will influence how things develop in the future. It's going to be a massive challenge, but we are managing the unfolding of an enormous potential for the benefit of Kalimantan.

In the meantime, YTS, as a foundation set up by a mineral exploration company, is recognized as something quite unique in the world. In fact, there was a write up about us that was presented at the World Economic Forum in Davos, where both
KGC and YTS were given as a leading example of best practice undertaken by an exploration company; in other words, the fact that we started our community efforts all those years ago and at a very early stage in our operations, is now very much acknowledged and appreciated.

http://www.subudworldnews.com/dyn/news/Mansur_Geiger.pdf

Freeport-McMoRan have carried out extensive due diligence over the 35,000 meters of results gathered before they took the option and have identified with the aid of 3D modelling h the potential for major copper deposits at below the level of drilling to date which yielded previous drilling results around the 0.50-0.60% copper.

For the KSK we are not betting on KLG but in fact we are placing our bets on Freeport-McMoRan Exploration Corporation one of the biggest resource companies in the world.

From KLG:
With just two copper mines - Freeport's Grasberg and Newmont's Batu Hijau - Indonesia is the third largest copper producer in the world. The geological formations that yielded these deposits are widespread throughout the country and in Kalimantan especially. Industry 'lore' is that Indonesia will yield many more such deposits. They haven't yet been found simply because Indonesia remains massively under-explored.
http://www.kalimantan.com/s/Copper.asp