No way a BO is in the cards!Folks,
All this buyout discussion is pretty hilarious. Has anyone listened to Sprott (and Makuch) lately? Sprott has made it VERY clear that he thinks KL is worth a multiple of its current stock price. Heck, based on my back of the napkin numbers, this baby is trading under 9 times 2018 free cash flow and under 6 times cash flow (on a 750K oz estimate for 2018). That is completely absurb and SOOOO CHEAP! No one can buy this without getting Sprott on board given his 10%+ ownership. And he is a hell of a lot smarter then we are..... if the day comes that he wants to sell, I will happily do whatever he does! But I'm with everyone in the thinking that this baby will be at least $25 USD before this is even a consideration!!