Why is it plumetting ...? And Tony response ! Unidentified Analyst
My two questions. First of all, I'm a little confused since all of the reports that you've been putting out in the last while have been extremely positive and extremely encouraging. But for some reason, the market is not buying into it. As a matter of fact, if you take a look at the stock history in the last 6 months, it's been down about, I'd say, $25 or so. Over the last year, it's down about $32, $33. Today, you're making another announcement that's record-breaking in all areas. I mean, we probably have more cash than anybody. We have more reserves, we have more competent leadership and so forth. And yet, here we are, last time I checked, it was down $1.50.
So my question is this, if we are so positive about this stock, why is it plummeting? And secondly, what are you, as the executive of this company, planning on doing to stop the bleeding and the plummeting that seems to be affecting the stock? I mean, it should be according to, I think, Scotiabank, should be trading between $65 and $70. Yet here we are, what is it? 43-something. Can you please explain that for me, please?
Tony Makuch
Thanks for the question, Robert. First thing, Rob, remember it is, I don't know if I can date yourself, but I can date myself. There's an old saying that says you can lead a horse to water, but you can't make them drink, right? So sometimes, you have to -- it has to be -- it's something that people want to own, et cetera. And definitely, there's been a lot of positive growth and continued positive things, messaging and positive things we're doing at Kirkland Lake Gold. And it's up to us to demonstrate value and drive new value for shareholders.
The market as a whole in the gold space, there's sometimes, things you kind of wonder what can be going on. I think we have -- we look at first principles. We've got to tell our story and we've got to execute our story as we have. I think there's a couple of key drivers that -- for the valuation of KL.
And I'm sure one is Fosterville and where is Fosterville going to with new discoveries, et cetera? And then as we continue to progress -- we've got big catalysts at Detour this year, the upgraded -- updated resource and an updated reserve that we expect for 2021, and that tied to a whole new updated mine plan, et cetera, that might even bring in those ounces that John Tumazos talked about came up because we got slightly small, maybe this too bigger again. So there's a lot of these catalysts that we've got to work to drive and demonstrate new value.
And I mean, fundamentally, share prices should go up because of -- there's where somebody sees the overall value of the company was $1 yesterday, but tomorrow it's going to be worth $2, and that's how we've got to demonstrate value. It's got to be that.
And I don't know. I mean, in terms of the market and what the market sees, I think the biggest probably the thing around Kirkland Gold is going to be what's their relationship to Fosterville. And then maybe over time, we work at demonstrating reason why Detour was such a great acquisition for the company.
Unidentified Analyst
Okay. But how do you get that message across? Because on the reserves that you have right now and the cash and the fact that you have no debt, according to some of the analysts, this stock should be trading in the 60s and yet it's trading at the 40s. So it appears to me as if that message isn't going out there. So what does the team have in the plans to make sure that, that message gets out there, that it's a $60 stock or a $65 stock as opposed to $43 stock as it is today? So does the team have any idea of how they're going to handle this?
Tony Makuch
Well, I mean, again, we -- people like you going out there and saying this is a $60 stock, it's important. But fundamentally, it is continuing to demonstrate the results, continue to demonstrate that the as it goes forward. And again, the biggest catalysts are going to be the -- what we see is new discoveries at Fosterville, that's a major catalyst driver and that's only going to be positive. And as we complete the -- what we're working with Detour this year and what that can do.
I mean, we tell -- we can tell a story. But what we're trying to do is in our story is tell true and demonstrate that. And I know and I'm sure, and you can see by a lot of the analyst reports, that people are seeing it, and it's going to take time for people. They're going to want to know it's there. And then people will be buying in the stock. And there is all to value, and it is a $60 or $70 value stock, and it's going to be coming over time as we demonstrate that value.
And you've had a big pullback in the gold price, you had other things that have happened. That's stuff we don't control and we don't take credit for it. And when it goes up, and we don't take plan for it when it goes down. We've got to focus on value in the business, right?