Still undervalued...just look at WEED WEED closed over $ 23.0 B market cap!! Madness.
We are at $ 8.6 B market cap with mega profitability, when compared to WEED (Canopy), night and day.
WEED lost $ 421,592,000 for the six months ended September 30th, 2018.
Wait until KL becomes the BIGGEST Canadian-listed gold miner as Sprott keeps saying.
Someone knows something though. This is too good of a rally. Something is happening behind the scenes or the upcoming news will be top tier.
If Tony is saying Fosterville can do 20 M to 50 M of production LOM on the Whistler call...wow...did the labs adjust the cut and something huge is upcoming in three weeks' time?
Do they surprise on earnings and get to $ 85,000,000 net income + this past quarter and then add another raise to the dividend?
Maybe a special one time significant dividend is announced for shareholders?
Who knows...this is just getting started though as gold only just cracked $ 1300 USD on Friday.
PE Ratio forward at BMO of 15.9x for 2019.
NEVER LOOK AT YAHOO FINANCE OR CANADIAN INSIDER FOR PE RATIO.
Dangerous and totally not based on PEG/true growth as mentioned before.
$ 40.05 CAD should not be a surprise to anyone.
I am just surprised how fast it hit, but not surprised at the $ amount.
I am thinking of 2016 when DGC hit $ 36 CAD and that is at 1.2 g/ton Detour Lake Mine in Ontario. We could go to $ 60 CAD if we follow same DGC path of 2016. Just saying KL is night and day to Detour Gold garbage.
Regards,
JIN