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To: Zincman who wrote (2514)	5/29/2012 12:32:27 PM
From: klinker	2 Recommendations of 5915

4 million ozs of gold equivalent revenue bespeaks of the addition of the zinc revenues into the revenue equation... or else it is a typo.... i raised th possibility of such... just to put the flat earth expectation crowd's paroxysms of incredulity to rest the company has to account for the zinc revenues in the pfs. They have apparently chosen their zinc extraction process and costed it out and now are able include the projected zinc revenue into their calculations.. Being an optimist I'd say randy is singing the ode to joy and wanting to indirectly indicate to the shareholders and the market the possibility of the robust nature of the upcoming inclusion of the zinc revenues... hence the use of 4 million ozs of gold equivalent revenues stemming from the addition of 300 million tonnes of low grade ore to the resource! Yee!!! Haw!!! and one could then add in the extra 1.5 billion pounds of zinc production derived from the chosen zinc extraction process.... Yee!!! Haw!!! and then one could add in the zinc revenues associated with the bulk of the established deposit.. Yee!!! Haw!!! Of course the company can not come right out and say it until the pfs is released but for those who can read between the lines and intuit on the possibility raised by the introduction of the phrase 4 million ozs of gold equivalent revenue... whatever... we will see what we will see in the pfs that is most likely to be released a couple of weeks later then the 4 to 5 weeks expectation huh? Putting the best case project forward strategy has been altered with the addition of the 300 million tonnes of low grade material into the resource category... was this because of the robust addition of the inclusion of the zinc into the pfs.. and or the majors inability to appreciate[cost in] the blue sky potentiality for the project now for the flat earth crowd... why would the company not include a concomitant breakdown of the gold equivalent ozs alongside the gold equivalent revenues.. i never said they wouldn't .... why wouldn't the company include a concomitant cost per oz calculation which incorporates the zinc revenues as a credit in the pfs...

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From: klinker	5/29/2012 12:46:00 PM
	1 Recommendation of 5915

The big new thing in gold - capital adequacy ratios Ross Norman looks at the implications for gold of an increased focus on the assets banks are allowed to hold as tier one capital. Author: Ross Norman mineweb.com LONDON (SHARPS PIXLEY) - Forgive the hyperbole in the headline but we wanted to get your attention as something quite profound is happening that could propel gold to record new highs. Yes, potentially the biggest thing since the birth of the gold ETF and the liberalisation of the Chinese gold market in 2003. A decade on and we have grounds for saying that gold may well see a significant leg higher... the big new thing in gold. I'll explain... Banking capital adequacy ratios, once the domain of banking specialists are set to become centre stage for the gold market as well as the wider economy. In response to the global banking crisis the rules are to be tightened in terms of the assets that banks must hold and this is potentially going to very much favour gold. The Basel Committee for Bank Supervision (or BCBS) as part of the BIS are arguably the highest authority in banking supervision and it is their role to define capital requirements through the forthcoming Basel III rules. In short, they are meeting to consider making gold a Tier 1 asset for commercial banks with 100% weighting rather than a Tier 3 asset with just a 50% risk weighting as it does today. At the same time they are set to increase the amount of capital banks must set aside as well. A double win potentially. Ross Norman CEO Sharps Pixley www.SharpsPixley.com www.PGM.net

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To: klinker who wrote (2515)	5/29/2012 12:55:10 PM
From: Zincman	1 Recommendation of 5915

Good points. At this stage in the game, surprises like this do not make me feel warm and fuzzy... As a sales manager, I used to tell the reps one thing when they missed their quarterly numbers or pipe deadlines by a good margin. "Either you were lying about your pipe or you don't know what is going on in your field.." As Randy continues to delay, what is also implied to the market is either the 'pro's he commissioned to do the study are behind the curve and playing catch up or CKG is again buying more time to make this thing work.. All these "new" variables were known. To address zinc and ore recovery in this manner now sure looks to me as they are buying time. Randy told me about zinc and water ore recovery years ago.. so, to bring it up again now, as a delay, smells to me. Why was this not added from the very beginning of the PFS commissioning? Maybe this is a great turn for the co.. and maybe they just now realized what they have... but nothing today is new news to RR or the PFS engineering firm... They played the delay card again for a reason... Just hope it is accretive. Missing deadlines is never a good sign to the market.. as we can see w/ share price now. The better things get for CKG the lower the share price. I sure hope things start to get worse b-4 shareholder go broke... lmao

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