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Bullboard - Stock Discussion Forum 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... see more

TSX:KDX - Post Discussion

KLONDEX MINES LTD. > Klondex Canada's value of $45M (mill and exploration asset)
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Post by stockfy on Mar 19, 2018 12:27pm

Klondex Canada's value of $45M (mill and exploration asset)

Proforma today's deal, Klondex Canada is valued at approximately $45 million and includes a mill in Manitoba and an exploration asset, based on my calculations. So it seems to me that debt-free Dynacor Gold (DNG) is grossly undervalued given that DNG's current Enterprise Value is only $65 million. And debt-free DNG has a brand new mill of 300 tpd, an exploration asset (Tumipampa) with very promising results to-date, produced almost 80,000 oz gold in 2017 and expects to produce about 90,000 oz gold this year thanks to the ongoing tonnage capacity expansion to 360 tpd. Just my two cents.



 

 
Comment by stockfy on Mar 21, 2018 8:23am
At $2.90 per share, KDX offers a good arbitrage opportunity for those who are interested in making a relatively quick 5% gain.
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