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Kirkland Lake Discoveries Corp KLKLF


Primary Symbol: V.KLDC

Kirkland Lake Discoveries Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. It has a prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada. The properties are hosted in the Abitibi Greenstone Belt. Its properties assembled include the Lucky Strike Property, Arnold Property, KL Central (KLC), Goodfish-Kirana and the optioned KL West (KLW) Properties. Its land position comprises approximately 38,000 hectares (ha), over 1,338 claims, and 29 patented claims. The Arnold Property comprises 28 claims covering a total area of 1,225 ha. The Lucky Strike Project is located immediately to the east of the Company’s Goodfish-Kirana Project, in Kirkland Lake, Ontario, and consists of 644 unpatented mining claims covering approximately 11,506 ha (116 square kilometers). The KLW land package comprises 107 mining claims. The KLC land package comprises eight mining claims for an aggregate of 115 claims.


TSXV:KLDC - Post by User

Comment by indoubtgetouton Jan 05, 2021 12:35pm
196 Views
Post# 32224315

RE:Just Too Many Shares O/S

RE:Just Too Many Shares O/SYes, it is a binary play.   WAR's chances of success are excellent.  Drilling results to date confirm that.   The next drill program should produce data to actually produce a resource estimate with probable reserves - aka you can actually place a valuation on WAR.   I can't imagine it NOT being good.   There is not too many shares outstanding.   The shares are very closely held amongst some very bright and experienced gold experts.    Why would they be buying all the WAR issues along the way?  I don't see any selling pressure and buyers don't want to pay up - that is just the way the market is being made on WAR these days.   So, after the next drill program, should it produce the expected positive results (and gold is near where it is trading at today), WAR should pop to the 30 cents area el pronto.  So, if you don't own some WAR, now is a good time to buy some while there are still some sellers out there.  
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