Book Value of IMG Just comparing book value of IMG and KL. One is trading at .6 and the other 6x! We have Steve Letwin lecturing on how the gold industry needs to change. My goodness sit down Steve before you hurt someone other than your own shareholders. With close to a $400 gap between AISC and the price of gold it will be interesting to see what the next couple quarters look like. He probably doesn't even know where the price of gold is at, most likely studying long and short cycles!