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Kirkland Lake Gold Ltd. T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Bullboard Posts
Comment by PulpCutteron May 28, 2018 8:01pm
96 Views
Post# 28091110

RE:RE:RE:RE:RE:Pain is coming to longs

RE:RE:RE:RE:RE:Pain is coming to longsAgree. KL absolutely will report reserve increases at FVille & Macassa; that's a done deal, given the $85M exploration spend, and the known intercepts on the resource deposits KL is drilling into.  And those reserve increases, combined with the already-schedule 2H entry into the Swan, is enough to move the share price $5-7 US from present $18.50.  That's not wishful thinking: that's fact, based on any even vaguely-objective analysis of KL pricing versus pricing of the other mid-level or senior miners.  That's simply fact, and the conclusion applies - based on free cash flow - if gold stays above even 1250 US. 

Above and beyond that, if FVille reports anything even partly like a Swan repeat, we will be north of $25 US in hours, and never drop back below it.

My only quibble, at all, is other strong stories.  At presnt, all I am aware of, that looks as solid (as few flaws in the armor) and has as much blue sky upside, is Wesdome, although they are at present much smaller.




Bullboard Posts