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Kirkland Lake Discoveries Corp V.KLDC

Alternate Symbol(s):  KLKLF

Kirkland Lake Discoveries Corp., formerly Warrior Gold Inc., is a Canada-based exploration company that has prospective land package in the Kirkland Lake gold camp, Ontario, Canada. The Company's properties include the 100%-owned Goodfish-Kirana property (4,338 ha), the Arnold property (1,225 ha), KL West (KLW) (13,414 ha), KL Central (KLC) (2,364 ha) and KL East (KLE) (129 ha). The Arnold property is located one and a half kilometers (kms) to the north and west of Agnico Eagle’s Upper Beaver deposit. It consists of approximately 28 claims covering 1,225 hectares (ha). The KLW property is located around 10 km northwest of the town of Kirkland Lake in the heart of the Kirkland Lake gold camp. It covers approximately 13,414 ha comprising around 198 claims. The KLC property is transected by over 12 km of the Murdoch Fault. It covers around 11 claims covering approximately 2,364 ha. Its subsidiaries are Champagne Resources Limited and RD Minerals S.A. de C.V.


TSXV:KLDC - Post by User

Comment by indoubtgetouton Jan 05, 2021 12:35pm
174 Views
Post# 32224315

RE:Just Too Many Shares O/S

RE:Just Too Many Shares O/SYes, it is a binary play.   WAR's chances of success are excellent.  Drilling results to date confirm that.   The next drill program should produce data to actually produce a resource estimate with probable reserves - aka you can actually place a valuation on WAR.   I can't imagine it NOT being good.   There is not too many shares outstanding.   The shares are very closely held amongst some very bright and experienced gold experts.    Why would they be buying all the WAR issues along the way?  I don't see any selling pressure and buyers don't want to pay up - that is just the way the market is being made on WAR these days.   So, after the next drill program, should it produce the expected positive results (and gold is near where it is trading at today), WAR should pop to the 30 cents area el pronto.  So, if you don't own some WAR, now is a good time to buy some while there are still some sellers out there.  
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