Huntwicke Capital Group Inc HCGI

If I was Tony ....

[bossu]

Now that I have didgested the NMI takeout and having C$ 315 MM in cash at December 31 2016  I am  thinking  a way to use that cash to grow rapidly the new Kirland Gold this way.

Even if  have announced an agressive 2017 exploration program of $US 45 to $US 55 million that I will pay with a C$ 14 million monthly cash flow I have the intention to go after Wesdome Mines and I tell you why.
Wesdome has announced a 52000 to 58000 oz production for 2017 and has a very good exploration program for 2017 to expand mine life of the actual producing assets for 10 years and the hidden card is the discovery at the Kiena complex where they have discovered in August a potential huge deposit to feed the actual mill waiting to produce 2000 t/d and possibly as much as 130,000 oz/year .
Just adding the 58 000 and the possible 130 000 oz at Kiena would add 188 000 oz to my forecast actual production at KL.of 500 000 oz for a total of 688 000 oz in 18 months from now!!
The actual market cap of Wesdome is C$ 342 MM and I think  could have a deal in offering
 a share exchange that they could not refused or a 4.5 Wesdome share for 1 Kl and may be I could used part of the cash on hand.
I want to be fair with you this time and want to tell you the truth and not do what I did when I sold Lake Shore last year about at the same time .

Yes I had some talk with them and it is a matter of weeks to ''seal''the deal!!

[JRaffles]

I would be in favour of KL targeting Wesdome, only if it were to add value to KL.  However, the financial metrics below suggest that such a purchase could dilute the production / reserves created by the KLG/NMI merger.   In the first instance, it should be noted from Wesdome’s Feb 2017 presentation that the new discovery is 200/300 metres below the existing infrastructure.  In the

[bossu]

Well JRaffles,I forgot to tell you that I have been in talk with Duncan Middlemiss for sometimes and I have sent a crew to study the resuts of some of drilling samles at the Kiena location and at this time some of them, not published yet, seems to confirm  a potential high grade deposit 200/300 meters below the actual mill site. Of course before going ahead with my proposal I need further

[JRaffles]

Wesdome's Middlmiss has ecellent mining credentials.  in 2002 he was closely involved in the development of the Macassa mine, before it was aquired by KL.  Also as CEO of St Andrews Goldfields, he steered the merger with KL, but subesequently moved on to Wesdome. Just as he is settled with Wesdome, would he welcome being taken over again by KL?  If it could be demonstrated to

[bossu]

It is obvious that Duncan has done a very good job at Wesdome and at one point there has been a kind of disastifaction regarding the company development but since he have been there Wesdome looks to me a new company and luckily they have hit big at Kiena and exploration at the two other locations is very promising. I like the February presentation and it shows that the coming months are going to

[bossu]