KLONDEX MINES LTD. T.KDX

Grossly Oversold on Technicals and Value

[Highwave]

On Technicals... Stoch RSI AT 0.00 and today's candle is trading outside of its lower bollinger band. Huet made a mistake when asked by analyst about care and maintenance possibility in a bear case scenario for True North. Huet answered honestly what it would cost under such a program at about $500,000 a month. The mistake was made that he should have reiterated that mine would not close especially when they are looking at .3 Aueq oz stopes for mine in Q4. Nearly triple the production of .11 in Q3. Costs should come way down. Algo's probably picked up his word's and sent the stock into the abyss. Investors have basically written off the potential for Hollister and True North after the conference call. This stock is all about guidance and mineral reserve updates for the remainder of the year. Updates on Fire Creek and HG with the possibility of significantly increasing mine life should add value to the asset. I would expect the company to finish the year at the lower end of guidance to the midpoint. Somewhere in between. The upside is still with True North and Hollister. I think Hollister will be an okay mine in terms of cost like Midas and not a star like Fire Creek. Costs need to fall at True North in a huge way which I expect when production is running full tilt when the mine is declared for production. In the end, this stock is above $5 when we cross $1,400 gold or if KLDX can get their costs down materially in 2018 and ramp production closer to 300,000 oz for the year.

[goldminer01]

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[Highwave]

Almost like he bating him. The cash level was cut in half not because of True North but be because of the ore stockpile that was not processed and sold. He put words in Huet's mouth and Huet did not clarify that point. He made the assumption that his investors know his business as well as he does. There was 16,160 oz mined and not sold last quarter. Assuming an average sale price of about $1

[goldminer01]

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[GoldSilverbug77]

I was shocked when he didnt correct him . I was finally blown away with the way Huet closed the call post Q&A. I have never seen him sound so down which blew off all my confidence. i felt somehow that the True NOrth question caught him offguard or by surprise. may be its just me over analyzing.  I feel sorry for the price its quoting inspite of selling out. Had been tracking Huet and

[Highwave]

Really strong tape action to the upside here in the last half hour. Could be putting in a solid hammer if we get a few more pennies up based on the volume traded today.

[passionatepiper]

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[goldminer01]

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