RE:RE:The best gold producer on the planet...Always love your analysis Bossu, and do note that Agnico Eagle wasn't that strong with reduction in output as they phase out production at one of their properties. Net profit down as well vis--vis Q1 2017. It appears so far many of the main TSX gold stocks have had very average or bad earnings the past week from: NewGold (down 8 %), Detour (down today 29 %), Goldcorp (down 2 % yesterday after earnings Wednesday night), Agnico Eagle (flat)... I am big in B2Gold due to Fekola and their great AISC and 900 - 950 K guidance and top tier management with Clive Johnson...Their Earnings are mid May and they are trading definitely at a forward discount due to geographical risk (i.e. Mali situation however Mali Gov't confirmed B2Gold would be exempt from any tax code changes). And of course the all-time darling Kirkland Lake, which I predict a guidance increase + dividend increase + they will deliver as their AGM is also that day in Toronto to make a bang. We also have potential for upside if Novo can manage to finally bulk sample, but that I still remain skeptical about. JIN
bossu wrote: bossu wrote: Just to give you and idea of the best of the bests :
2018 Q1 Financial results are out ;
-----------------------Agnico------Gold Corp--------Detour--------Kl (Q4 2017) Guidance for 2018
Total cash costs---$ 648-----------------------------$ 744-----------$ 481------------------$ 425/$ 450----
AISC------------------$889--------$810---------------$1072----------$812--------------------$750/$800---
Profit---------------$ 0,19/sh----$ 0,08/sh--------$0,06/sh----------$ 0,20 /sh------------------------------
Share Price---------$ 56,22----$17,63-------------$ 14,40----------$ 21,32-------------------------------
Market cap--------$ 13,3 MM--$ 15,3 MM-------$ 2,5 MM--------$ 4,5 MM-----------------------------
It shows that there is a lot of room for a big improvment in the KL share price in the coming months because we all know that production rate will be outstanding in the H2 2018
We will have a good indication next week at the the time of the publication of the Q1 2018 financial report !
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Just applying a 2 X factor on KL would give a $ 9 MM market and a doubling in the KL share price or $ 43 /share . Compare to Agnico Eagle ,the KL share price there would be acceptable and realistic!