RE:What Centerra president had to say about KL$ 24 - $ 25 is not unreasonable at all. Go back to the Detour Gold Heyday in 2016, when shares hit $ 35. KL is miles ahead of where DGC was in 2016. This stock is going to $ 30 if gold can finally break this $ 1400 barrier. Plus the production is only expected to grow...I doubt 620 K oz. this year, more like 660 K oz. + at the best AISC KL has ever had. 2018 will be huge for profits, but they will also reinvest the $ into the business as CAPEX to grow for the future. All the sector needs is a bit of big money to enter the space as was the case in January 2016.
Markcalgary wrote: Centera buys Aurico....250m purchase price....in a presentation at BMO mining and Metals conference, Scott Perry said that Aurico was two businesses....one was Kemess which they wanted badly....the other was the NSR stream.....they valued it at the time at 150 million.......they now figure that the stream is now worth close to 200 million......he aslo said " we have been
messaging and communicating about the KL stream ( he didnt say who with mind you) and said we are comfortable holding onto the portfolio......
So....if they think the upside of the assett has increased by a third since the beginning of January....wouldnt you think that there is lot more room for KL to grow.....To that end, bought $15US KL calls for October 2018 today(in the money...playing the upside for the next 7 months....700 Shares controlled for about 3k Cdn.....if Fosterville is going to be as strong as I hope, and Macassa gets even better.....is 24-25 or even $26C that unreasonable?
Centerra is an interesting play, and you all should take a look.....Kemess will get worked out and start producing....these guys are good operators and very profitable.
GLTA
MC