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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 of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Bullboard Posts
Post by Dave4444on Jul 06, 2007 4:20pm
421 Views
Post# 13049128

Under valued and under followed, this

Under valued and under followed, thisstock could easily be $10 one day. Underground gold buyouts are currently running between 15 and 30% of the value of the gold in the ground. Thus a buyout with current 1.1 million ounces would at 15% be about $110 million or about $4.50 per share (Likely higher because high grade ounces are worth more than 15%). If they prove up the expected 2 million ounces the figure could go to $8.50 per share and again that is at the 15% rate and considering the high grade of the deposit 20-25% is more likely. Thus KDX at $2.45 is a screeming buy, yet almost nobody follows the stock, is anyone out there???
Bullboard Posts