RE:RE:Where would the stock go at 400,000oz/yr?goldminer01 wrote: 400,000 per year is where Fosterville is headed by mid-2019 run rate.
My est. is Fosterville accounts for 1/2 of KL's $5B valuation.
That would be $2.5M.
An issue is how many years does this run at 400K oxs? Need more data points here.
Fosterville probably will be producing 400k minimum for 10-12 years and growing (market perception).
Comparisons will bemade to Fosterville as it is in Austrailia and well understood by Sprott.
This is very much about Sprott and his potential moves.
Correct, Sprott has mentioned that, and Fosterville is high grade too, maybe the most comparable mine to Beta Hunt. I owned it too, before Kirkland bot it out.
When you look at the rest of miners, it seems high grade is the way to go, the huge miners are generally not making money.
The only other very low PE gold miner know is Gran Colombia TPRFF, have a bunch of that too, but is much less safe place.
However it is also high grade and selling at about 2 PE trailing.