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Kirkland Lake Gold Ltd. T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Comment by PulpCutteron Sep 02, 2021 4:35pm
251 Views
Post# 33804702

RE:RE:Manipulation

RE:RE:Manipulation

Bullseye.  Today's KL is like investing back in the first 1/2 of the 20th century, when you bought shares to get dividends, not in hopes of selling to some bigger fool later.  

I agree with Consvestor.  I think the real implications of today's announcement are going to take a while to sink in, with the market.  The mining market worships discoveries 3- and 4-digit gm/ton grades, when what ACTUALLY counts is numbers like '10 million ounces at $775 US AISC'.

I see this when evaluating woodlots.  Foresters and landowners gravitate towards a grove of ten or twenty big 20-30" diameter veneer grade red oaks or sugar maples.  And they're right, you're making good money fast when you cut those down and get them to the mill.  But big groups of those are rare*, what REALLY makes for a good  year for the business, is a few hundred acres of 14-20" mixed hardwood, good access, reasonably level and dry terrain, flexible schedule, reasonable area govt forester, etc..  That's Detour, only it's a hundred thousand acres of it.
 

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