RE:another reason to prefer FSX (water balance)KL divested this summer in Osisko (100 % for 145 mil. cash) and is divesting in Novo (up to 66 % = 18,5 mil. units x 2,45 $, until Dec 3).
KL have 894,96 mil. cash in hand and is producing about 340k oz gold quarterly at about 800 $ AISC average (an incredible 312 $ AISC in Fosterville mine, immediatly north of our Lauriston). So, still more cash is coming, even with the gold price correction.
This enourmous cash can't take as directions only the dividends and shares repurchase.
In Swan Zone (Fosterville), KL is drilling up to 1400 feet in depth for bonanza grade. Will FSX be able by itself to drill so deeply ? Will a KL private investing in FSX be a good move for both companies and also for us ?