The Gold Report Interview with Chris Thompson (11/21/11) "Kimber is a good example of a potential acquisition target. The Monterde deposit is primarily a gold-rich deposit that carries a substantial silver credit. This project would be attractive for a mid-tier silver or even gold producer looking to expand its production profile.
Kimber is a turnaround story. Recently the company has refocused its attention on repositioning itself by developing an open-pit underground opportunity at Monterde. Kimber is releasing some very interesting results from deep drilling at Monterde that suggest good grades at depth. Monterde offers exploration potential, underpinned by prefeasibility-stage economic analysis that calls for an open-pit underground mine that can deliver gold production at a low cash cost. It is an opportunity that also offers a lot of resource growth potential and, in that sense, is an attractive acquisition target. . .I think anything that plays into derisking the asset. . .would add a level of comfort and make the project more attractive for a potential acquirer. The timing of the resource estimate may be early 2012."
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