RE:RE:RE:Gold potential ... yes important but,HERE I AM 5OCEANS... WATCHING PEOPLE WHINE
I LIKE THE DEAL NOT LOVE BUT LIKE, I LOVE THIS MANAGEMENT STILL, I LOVE KIRKLAND LAKE AS A DRILLING PARTNER (NO ONE BETTER QUALIFIED), I LOVE 120M IN DRILLING BUDGETS, I LOVE 15M IN THE KITTY FOR STEWART TO WORK OUT ANOTHER DEAL... CLEARLY MY OPINION IS IN THE MINORITY
I DON'T LIKE THE CURRENT SHARE PRICE, I HAVE A HUGE POSITION HERE AND AM EATING CROW COMPARED TO OUR PREVIOUS ESTABLISHED RANGES ABOVE 10, 15, 20 AND UP TO 35.
SO A JUNIOR MINING COMPANY NEEDS TO DRILL. THEY RAISE MONEY TO SUITS, DO SO AND FURHTER DILUTE OR THEY GET STRATEGIC PARTNERS. ERIC SPROTT AND KIRKLAND ARE PRETTY STRATEGIC. AS FOR A DRILLING PARTNER, KL ARE THE BEST. SO THE DEAL IS CAPS SOME UPSIDE BUT IT DOES PROVIDE SAFETY AND WILL ALMOST GUARANTEE WE WIN IN THE LONG RUN.
THE POG WILL BOUNCE ABOVE 2000$ IN THE SECOND HALF OF THIS YEAR AND I BELIEVE ALL GOLD STOCKS MOVE HIGHER AS THE POG MOVES HIGHER. AS BEFORE, WE NEED TO HIT TO REALLY MOVE THE NEEDLE IN A MAJOR WAY.
IT TOOK HEMLO LIKE 82 HOLES BEFORE THE MAJOR DISCOVERY WAS MADE. KIRKLAND LAKE IS A GREAT DRLLING PARTNER AND I BELIEVE WE NOW HAVE GREAT FULL ACCESS TO THEIR TEAM... WATCH THE CRUX VIDEO AND STEWART SAYS THIS OPENS A LOT OF DOORS... IT'S A GREAT DEAL AND SOMETIMES THE MARKET REACTS IMPROPERLY AT FIRST.
I DON'T THINK KIRKLAND COMMITS 120M TO A COUPLE COMPANIES FOR FUN. THEY NEED A BIGGER POSITION AND WE ARE IDEALLY LOCATED IN THEIR BACKYARD. THIS HAS COMPLETELY DERISKED OUR COMPANIES IN ORX AND MIS. JUST MY OPINION.