BackdropIs very good for this one. Their incumbent expansion to 120K oz is a given but what I also
like is the positive trend in gold prices. The Fed has backed off with rate increases for the
time being which sets the stage for Trumps 2nd term. Low interest rates and a deal with China
will put fire into the American economy like nothing else can. Gold should head up on the
back of this inflationary trend as Trump will take credit for a resurgent economy. He will want
all the good news he can get for his re-election. Got to like the picture for gold and KNT going
forward. $2 target looks conservative to me if they can keep the share structure as is.