RE:KDX most undervalued silver play
I sold LSG at the end of March 2016 and sought a hi-grade gold option, with a silver ounce output.
Tahoe was unattractive due to the south & central amerrican geopolotics.
I placed some proceeds in KGI, but that still has $100m of debt and does not approach KDX's overall hi-grade.
However, 90% of LSG proceeds were invested in KDX.
Apart from the above, I am very optomistic about the prospects for KDX's Rice Lake project, which was purchased for $32m - but through Gan Gold, it had a $1bn market cap when gold was ~ $1900.
Very happy with results so far.