RE: KK Interview - Prospector News Last Week
Boy KK sounds confident and focussed. Yes, it is a long haul from this stage to a producing mine. Juniors are in a slump for sure.
But they are making progress and "We are expanding (the deposit) volume, without sacrificing grade, in fact we are going the other way." This is no promotion, its the real deal. I have confidence in what they are trying to do. Prove up and establish a major mine. Economics, PEA, bankable Feasability over the horizon, potential major buy-in and potential buy-outs ... do you own DD and sharpen your pencil while doing so.
The quick and dirty calculation suggests valuation of $16 CDN/ounce AU in the indicated category. More ounces, more CU, more targets still to come, Basically they have a mega million ounce set of deposit domains and the cost per ounce above 1 gram/tonne is negligable at the current $2650 CDN gold price. One of the weird fcats in Canadian mining is everybody talks about the POG normally in US dollars, but mines in Canada all costs and inputs are CDN. And the CDN dollar is weak compared to the USD now, although arguably the Canadian economy is in a more stable position by several metrics. https://countryeconomy.com/countries/groups/g7
So the question is all about the POG, risk off speculation coming out from the shadows when fears of China, FED tightening, recessions have ebbed ... and how much oney and dilution is to be suffered by continuing to push drilling and plodding steps towards mine development in the meantime.
Th Golden Triangle is going to be a big part of North American copper, gold and silver resources for the future, no question.
cg