Pulpcutter was right afterall....I owe you an apology, pulpcutter.
I believe you were correct in your assessment that KL has yet to find another swan. Tony needed to replace reserves, and leveraged the stock price to buy longevity.
It's my opinion that kirkland is now a mature company, settling on extending the life of the firm at the expense of shareholder value. A mini Newmont they have become. I think the days of double digit returns are long gone. For me, this stock is now a covered call writing proposition.
Thanks for the great returns over the last two years.