RE:Short: Also, KL is buying shares; 10% of outstandingPulpCutter wrote:
Love shorts. They provide upside and keep everybody sane. And I get it: ABX's market cap is 16B, on production of 5.5M ounces/year, with a nice low AISC, what's KL doing at 2.9B cap with production 600K? But I'd take a long close look at KL, if you haven't already, at what those upcoming mining stopes look like.
Yes, but ABX has tons of debt, ageing assets, and declining production growth... not to mention they have some assets in dogsh*t jurisdictions. Mkt cap vs production compared to productions isn't a great comparison IMO. Compare it to AEM, not Barrick. AEM has a growing production profile at low cost with tier 1 mega assets.