Bullboard - Stock Discussion Forum 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... see more

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KLONDEX MINES LTD. > Q! Numbers - comments

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Post by JRaffles on Apr 19, 2017 2:31pm

Q! Numbers - comments

TOPIC	COMMENTS
Snow Stockpile	29,142 GEO ounces included in snow bound stockpile. Forward sold 20,000 ounces. Yet again, a repeat of 2016 forward sales, which may not be attractive to the market. When will the resort to forward sales be stopped? Is the company so strapped for cash that it cannot sell the stockpiled ore in Q2?
Guidance ounces 2017	Max 225,000 ounces KL 535,000 ounces – which is more likely to be exceeded that KDX guidance. Therefore KDX ounces = 42% of KL 2017 guidance. 42% of KL C$9.84 SP = C$4.13 Therefore KDX is overpriced at C$4.65 in contrast to KL guidance.
Silver ounces	286,000 ounces is ~ 4,144 GEO ounces, which is about 30% of gold ounces. KDX future performance could depend on a lowering of the gold /silver ratio.
Confidence re Hollister guidance	There has not been a single indication as to how close to Great Basin Gold’s production Hollister can produce. It should not be beyond the realms of possibility that KDX would believe that they could match the Hollister production by the former bankrupt South African owner. What GEO basis did management use when they purchased the mine? Too many unknowns to give SP any boost.