RE:Bossu if we can get some good reserves news at fostervilleReserve increases at DL are sure to follow today's drill results. Some of the holes were as good as Fosterville, so it shoulds not matter which mine they come from.
The biggest problem for shareholders are declining valuations for all these companies - not shrinking resreves or debt.
It does defy logic and rational investing. Gold deposits such as these are so rare, they do deserve a higher vluation than S&P stocks - which not long ago was the norm.
If valuation is mainly a factor of growth, KL should equal Agnico. Newmont is up 4% today on no visible news. Maybe the fog on valuation is lifting.