RE:RE:RE:It could go up another $17.60Bob; you are totally spot on.
All about the EPS and PEG at the end of the day. Investors are paying for ROI (Tumazos' favorite gauge).
There are a few wackos lately on CEO.ca good that IslandLogger puts them in their place. The land package alone @ Macassa past SMC is massive with tons of gold deep under.
Many keep saying "lack of reserves"...Reserves will just be proven out.
Same as many narrow vein miners do. DOES NOT MEAN THE ACTUAL GOLD IS NOT THERE! Some people miss this key, basic point.
Also, the huge land package in Australia that remains unexplored. WOW. What was Aurico thinking selling Fosterville back 6-7 years ago for
$ 105 M USD to Crocodile Gold? Yes fact as I have mentioned on here before the story.
I am not selling anything. Have not, nor will.
Soon Tony will be able to buy up OSK with a magic wand and pay pure cash. That I am sure is the plan.
Let John B. & Team do more exploratory work and delineate the property at Windfall. KL will pay
pure cash in late 2020 once Treasury over $ 1 B!
Could be sooner if we get a $ 100 price increase in gold and dovish Fed next week and for balance of 2019.
75 to 100 basis fed funds rate CUT is projected from July to end of December 2019. This is pure magic in front of our eyes....just be patient as I have advised all along.
Cheers,
JIN
bob333666 wrote: Willie. I will give you reasons why we are going even HIGHER than $17.60. First of all on his show a couple of months back, Eric Sprott mentioned that an analyst friend of his said in about 3 years time KL will do $4.76 a share earnings. Give that a 25 multiple and you can figure that out. I know that was just one analyst, however Eric Sprott would not have mentioned it on his program if he didn't believe it himself, and that was before the new discovery at Macassa, and gold staying where it is, which it won't, as it will go higher. Then the new discovery at Macassa. It is 7.5 Km long with grades that are HIGHER than the Swan Zone at Fosterville. Eric Sprott was gushing over the results, and said the last time he saw results like this was when he talked about the Swan Zone a couple of years earlier. History repeating itself? This new discovery doesn't need the new shaft to get to, and this could send Macassa over a million ozs a year. New discoveries at Fosterville? About 5 new discoveries in a 9 Km trend. Harrier South has been worked on with 8 drills turning since last September, and so far looks like a twin to the Phoenix system that hosts the Swan Zone. If they hit another Swan Zone there watch out!! Also they are drilling in the other direction at Fosterville at Robins Hill which so far also looks like another Phoenix system. Cosmo in the NT, making a discovery, or just coming back on line, with also 8 drills turning there also. Going deeper at Taylor Holt, and making a new discovery there that so many mines in Northern Ontario do when they drill deeper. Taylor already does 150,000 ozs a year, and no body talks about them. KL's investments in Bonterra and Osisko, maybe Nova? I am talking about all of this without pricing in if Gold goes higher, the next couple of years. KL is not only a great producer, but also a truly great explorer turning 2 older mines into gold mine monsters. The numbers coming out of Fosterville and Macassa are actually incredible, and are only going to get better and better. IMHO