BMO Conference WebcastThere are a couple of things that I picked up from the call:
- CapEx is going to be substantially lower than 2017
- Midas Mill improvements of Hollister Ore wont really be improved up to 85% to 91% recoveries until a few upgrades are made to 4 existing tanks during summer.
- True North Cap Ex was $20 million last year
- Majority of Cap Ex is Fire Creek
- KLDX is looking to get Hatter Graben up to 600,000 in reserves before commiting real capital for mine development
- In Q4 KLDX is talking to strategic's about parterning in open pit.
My assumption is that KLDX wants to stack as much cash as possible before striking a deal on the open pit at Fire Creek