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amarksp

10/24/03 4:35 PM

#3900 RE: amarksp #3899

Correction: KGI @ $45 per resource ounce it appears

1.77M ounces including inferred
http://www.klgold.com/news_releases/aug_18_2003.PDF

Do not have an accurate handle on the convertible debt, so dilutive shares may be low. This last PP really helped out their balance sheet...

24M ounces per quarter production looks doable and at $385 POG equals US$9.25M cash flow. Have no idea on cash cost... Anyone have their cash cost estimate??