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KLONDEX MINES LTD. T.KDX

Metals & Mining Industrial Metals & Minerals
"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

KLONDEX MINES LTD. > Notes from the Q4 MD&A.
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Comment by insideoutsideon Mar 15, 2018 9:32am
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Post# 27719057

RE:RE:RE:RE:Notes from the Q4 MD&A.

RE:RE:RE:RE:Notes from the Q4 MD&A.
TN a mine with no economic gold is a liability not an asset.   "Negative Reconciliation" is a nice way of saying "the gold is not there dumbass". 32m for an empty hole, nice.

Forward contracts have increased.  They keep doubling down to make up for losses on previous lots.  Klondex labels this risk managment.  Most call is gamblers ruin. ie doubling down each time you lose.  Why invest in a company that is effectively shorting gold ?

They can not make money at the contract price of 1260. bottom line. Contract are up to 12mo as stated in the 10K.  not arguing with you anymore.



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