RE:ArticleExcellent article - well researched thanks for sharing.
Yes Hollister needs to deliver output double that of 2017's whatever that may be to even be worthwhile...we'll know soon what 2017's was.
Midas and Fire Creek should deliver strong in 2018. 2018 should be a very profitable year for Klondex without TN and add to cash balance so there would be no need to issue equity.
Plus, they will be looking to dispose TN + GB assets to whomever (although I doubt any interested parties). Even if they make back $ 20 M of the $ 32 M let's say better than nothing and that can be used to upgrade Midas mill.
Supplementary cash will be used to upgrade the mill to increase net Nevada output. This probably pushed back to 2019 now due to poor financial results overall for 2017. Gold has solid support at $ 1300 USD and has formed solid base, we're still January 11th with gold doing well usually first quarter of the year. Press starting to talk now about Chinese cutting T bill purchases + the Euro strength + continued weaking in USD index. This is a time to be a buyer...not a seller when factoring in 2018.
Back in 2016, the bozos should have spent their huge cash balance on UPGRADING THE MIDAS MILL then and there. Not buying a closed mine and having contractors call the shots. Last year was a complete write-off. Let's hope this year Huet et al. are using their brains and mining conservatively not like fools buying whatever cheap assets appear on the marketplace. They have enough now and need to mine and validate their 3 Nevada assets.
As the BoD, I would then SELL outright the company to a solid suitor, strong low cost bigger NA midtier player who would benefit from their Nevada assets middle to end 2018 after a few strong quarters.
Use your brains Management not your emotions.
JIN