AEM Buyout?
Hi All,
I've been lurking here for awhile and purchased a position upon liquidating my PVG after their production debacle earlier this year. I'm very happy so far that I made that decision.
Posters have been discussing a possible buyout by AEM at a 1:1 ratio, but something from Kirkland's website jumps out at me that would question this strategy.
I quote from this the following link...
https://www.klgold.com/assets/operations-and-projects/australia/operations/fosterville-mine/default.aspx
"The Fosterville property includes approximately 1400 km2 of additional land package with numerous brownfield and greenfield exploration targets which are forming a key aspect of the Company's ongoing exploration efforts. Exploration programs to date have traced only 20km of potential gold bearing structures, highlighting the exceptional exploration potential of this premier gold district."
Does that bolded last sentence mean that Kirkland has so far only explored 20 square km of their 1400 square km property? I'm no geologist, so I'm not sure how to read that. If my assumption is the correct one, doesn't that mean we have the potential for a lot more gold in the Fosterville property? If that's the case, why would shareholders be happy with a 100% gain from here if the possibilities of finding a few more Central, Phoenix, and Harrier ore zones within the remaining 1380 square km? Is this what Sprott meant by "generational"?
Thanks for any help and clarity provided.