RE:RE:Is KL an undervalued bargain ?
PI comment - 1st off, ABX has way more reserves than KL.
ABX has about 71m ounces of reserves, compared to ~ 21m ounces of KL.
However, ABX is depleting their reserves at a rate of about 6m ounces per year = ABX has ~ 11.8 years of reserves.
In contrast, KL (with Detour) is dpleting their reserves at a rate of 1.4m ounces per year = KL has ~ 15 years of reserves.