RE:$1200 gold next...$90 million less for KLBanned - welcome back:
The market has been pricing in much higher Q2 production the past few weeks. Mark U, a month ago, said not to extrapolate the March 71 K over the other months since not realistic BUT..
Q1 was 147,600
Let's say Q2 is 175 K would be super
And then Q3 and Q4 are 190 K a piece.
We would still be at
703 K approx. for the full year....far far higher than the low-balled guidance of 620 K.
Mark U said the Board took the decision this year to go with a conservative guidance like 620 K in order to not have to raise guidance twice as was done in 2017. This year, as it seems, they will do this upwards revision once in the next few weeks. This is why shares have been so bullish as of late. Just give him a ring and he will confirm this.
The market knows KL will produce far higher than they have led investors to believe.
This is why spot PoG is having zero effect on KL. Their costs are too low in top jurisdictions and guidance is for costs to only
go down as the year unfolds.
You said this yourself the past year time and time again that KL is best of breed.
Just GO LONG.Trend is north, but in KL's case, the fundamentals are THE BEST gauge out there, and KL's fundamentals are top tier of any miner.
I would bet we're close to $ 32 CAD by August, which is a 17.3 % increase from today's close.
And just imagine Fostervile is expanded with new zones and another big resource + grade increase. We will then be more towards $ 35 CAD.
JIN
banthetruthjerk wrote: KL is going to take a dirt nap. All estimates made just a month or so ago are finished. Gold is going significantly lower and seeing as the only product KL has is gold....do the math. The mighty gravity defying KL is going back to $15 or less