Kinross Gold Corp T.K

Raymond James misses on KGC's bargain purchase of GBR

[Goodtoreadthis1]

As GBR CEO Chris Taylor implied a number of times to ALL GBR stockholders, since Dixie's rich gold deposit comes right to the bedrock surface and is mere feet from a highway, an open pit can be constructed beginning NOW and last for many many years.  Raymond James's analyst without any detailed analysis accepted KGC's utterance that Dixie production would start in 2029. KGC's management  could start building the open pit as soon as the 2022 drill results are known. 

Dixie may be able to produce 500,000 ounces per year starting in 2023 if KGC's mgtmt chooses to do so. Dixie's LP fault drill holes are on avg 8x richer than are the holes for the nearby Detour mine which produces 300,000 oz per year.

KGC paid only $1.4 Bill for a mine that will produce $7.8 Bill or $13.1 Bill of PROFIT dollars  depending on mine life so as Eric Sprott would say- we got a 7 bagger at least and maybe a 13 bagger depending on mine life. 

R James did notice that KGC makes use of nearly $1 Bill in Canadian tax pools with this GBR purchase Congrats to KGC mgtmt for a GREAT PURCHASE.

[goldman88]

This post has been removed in accordance with Community Policy

[CountOfMeltedCrisco]

Great reminder, goldman.  The NCIB runs to early August of next year, per the NR of 7-28 TORONTO, July 28, 2021 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to establish a normal course issuer bid (“NCIB”) program. Under the NCIB