RE:RE:IR Wrote back with the detailsThe only thing I can think of is if Hollister could not come in between 21 K and 25 K GOEs per their revised Hollister guidance. That would then mean still issues with ore feed into Midas mill. I really hope Hollister came through this time!
Fire Creek and Midas should also have performed up to expectations since they were doing well all year...alas we never know. If something were to go wrong at FC and Midas, then market would be spooked again.
TN @ 24 K to 27 K has already been factored in or else we'd be trading 50 cents higher at least vis-a-vis a $ 1335 gold price. It'll be interesting to hear what the plans are for TN but at least the tailings remain. Bison Gold acquisition = also ridiculous..they must have already known that the grades at TN were terrible and not per model back in the summer. So why they pursued an acquisition in the same geographical landscape doesn't make sense.
Luckily it was just a couple millions shares added to the float. If gold can remain over $ 1320 for next few months + a conservative production guidance of let's say
220 K GOEs for 2018, and the tailings at TN covering the C&M costs for next couple of years, KDX should be able to bank $$$ for the mill expansion project without any need for equity raise.
If they can show profitability again, I think this would be a top takeover target by a larger midtier based on valuation alone as we're trading when they were a two mine story a few years ago.
JIN
goldminer01 wrote: Thx for sharing. Do you think there is more sh*tty news relating to 2017 results and/or
2018 guidance to announce on Investor's Day ?