RE:RE:RE:RE:RE:RE:RE: No production report yet, The
Laurentian Research report was out earlier on Seeking Alpha today or yesterday.
The author values the KL (over 5 M oz.) of reserves in the ground at $ 1437.
Another mistake. Says better to go out and buy a gold bar oz.
KL can spend half their cash balance right now and buy Bonterra WITH CASH and this will reduce significantly the author's reserve oz. calculation of $ 1437. Not to mention the $ 100 M spent in exploration for 2019, Amalgamated Break. So much ore out there not added into Reserves category.
Another one who doesn't "get it."
JIN
SmokinWillie wrote: bishop6060 wrote: Just got to hold a core position until around 2023 when we may be near 2 mill oz per year with $2k gold. That's about $15 eps and a $300 target. Just don't sell your core position because its so difficult psychologically to buy back in. Best to trade around if you get nervous.
hello bishop, interesting numbers you are throwing out for 2023... I have done some back of the envelope calculations and I come up with 2 mill oz X $2K gold/200 mill shares = $20 revenue/share
Earnings after taxes and operating expenses around $ 8 - 10/share X PE of 25 = $200 -250/share
We are not that far apart.... Good luck to us all..