TSXV:KGL.H - Post by User
Comment by
baystock1on Jun 18, 2011 2:44pm
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Post# 18733593
RE: KGL Article
RE: KGL Articlethingandconcept, that was a nice writeup on Kilo. The only thing I would take exception to is the use of Randgold's purchase of Moto as a yardstick. The majors are only interested in large 5+ million oz deposits. So Kilo will need to double its resources to 4 million oz before one can start using the Moto purchase as a reference point.
Do you follow Axmin at all ? Their passendro gold mine is in the country immediately to the north of DRC. They are targeting production of 200,000 oz per year withing 2 years from now. How does the valuation and upside for Axmin stackup against that of Kilo ?
https://www.axmininc.com/site/OperationsProjectsnbsp/ResourcesReserve.aspx