Spending on reserves
Klondex has never been interested in spending money to boost reserves. Now they must and they are dragging their feet. They've always concentrated on profits and making cash flow. They could get away with that as a junior producer, but not as a mid-tier. Now they must devote some spending to reserve drilling.
I think we'll be seeing guidance in the 300k range for 2018, but without drilling to confirm production levels out into the future the share price will not ever reflect the true LOM value. Hopefully, management will properly address concerns in the upcoming CC and get the share price back up to a reasonable level. They certainly have been piss poor at exciting investor interest lately. I don't think there is any problem with the Hollister or True North acquisitions, other than perception. The Company needs to aggressively address this problem.