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KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Post by Syntaxxon Feb 11, 2018 10:57am
157 Views
Post# 27540763

What is Klondex actually worth?

What is Klondex actually worth?
According to the filings they made Fire Creek remaining resources are only estimated at 70 ish miillion US (they could get a bit more if sold the gold at market value and extracted over time).

The resource estimate goes higher with a higher POG but you cannot count on that really. Lot of analysts doubt the open pit potential, and either way its hard to value.

The other mines are all troubled, to say the least.
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