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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.
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To: Victorio who wrote (280)1/23/1997 3:46:00 PM
From: Grant Baker   of 615
 
To all: Kilo (KGD.A) announcement today. Kilo has suspended development work on the Johnson Valley property, awaiting further advancement of new micro-fine gold recovery technologies by other companies active in this segment of the gold exploration industry. Apparently Kilo's plan is to retain the property and either JV with one of the several other companies attempting to prove their own production systems, or to purchase such technology when it becomes available.

I believe that is as close to an admission that their process did not work as we will ever get from the company, although it could also be that the engineering and development costs were just getting to be too expensive, especially knowing that other companies appear to be much further advanced with their own technologies....Will have to wait and see how the market reacts.
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