Makuch himself estimated treasury = $3B, by end of 2023 (see video of his recent Euro Gold speech). J ohn Tumazos Very Independent Research, LLC: "KL’s management has the complex problem of how to invest its $411 mm in current cash balances, which we estimate will grow to $5.7 billion by year-end 2026."
The big dog has 'plenty' of funding to grow, at FVille and Macassa alone, plus just re-negotiated FNV's NSR on the Holt complex so that Holt/Holloway exploration is underway.