RE:RE:RE:Analyst rating upgrade
chuck8 wrote: You are likely referring only to the Swan zone at Fosterville which has absolutely stellar grades and is the cherry on top of the cake. The chances of more swan like grades there are reasonably good, but of course there are no guarantees. One doesn't throw away fosterville camp just because another swan zone hasn't surfaced just yet. The last that I heard they are building a ramp down towards the main swan zone target to get better access and could well find more discoveries along the way. Just one leg of the stool in my opinion.
The market is now reacting positively to the Detour camp which they previously discounted and were selling the stock down. Whooops, mr. market got that wrong. KL is busy to further increase throughput and expect even better results. Should they decide to acquire Wallbridge (once they get a better definition of what's there) this could add hugely to this camp. Eric Sprott owns a large percentage of WM for good reason.
My excitement is more on Macassa as the #4 shaft will pay off huge with better access and efficiencies and the SMC and recent great drill results will add a lot to Macassa and not much talk about this lately so the market probably doesn't understand what KL has there until they start mining this.
So, yes, finding more swan zone grades would be wonderful but looking at what KL currently has in Canada indicates very green pastures ahead IMHO.
All things being equal at todays pog no Swan is 1.98$ usd per yr per share less. Fwiw. Count it.
That doesnt mean it cant be offset by higher pog or production elsewhere.
It is what it is. 155000 x 4 x 35/ 50 x1800 x .7 / 277000000 after tax.
I might be a cowboy but I can count.
H