We all know the potential this company has and maybe today is a bit of a turning point in terms of the broader market waking up. We have been at or below 10cents for some time now and today's strength should not be ignored.
When I started this thread it was to share my opinion on KGL and the strength of their presentation at the Gold Symposium. As I stated earlier, and will state again here, I cannot see any company that offers the same potential (relative to market cap and future returns).
To summarise in the next three years we should see:
1. Andash in production (approval should be prior to x-mas) 2. Burnakura in production (Feaso any day now and production starting in June 2012) 3. Jervois in or about to start production (potential for a major base metal, gold and copper mine IMO). 4. Additional gold and copper ore from Gabanthia (essentially like owning a fourth mine).
On top of that you can chuck in this for some extra cream:
1. Geothermal licence (could be any day now, as per my original post) 2. Bashko exploration licence looks very promising 3. Atkash (strong chance we can buy it back after Andash is approved). 4. Strong chance that gold wil continue to go higher and higher. The broad concensus by the keynote speakers was that at a bare minimum gold should be worth $4,500per ounce (yes, at a bare minimum).
How is the company going to achieve this? Well we have:
1. Cash in the bank plus a $50m debt facility (fully funded) 2. An excellent management team IMO.
Happy to hold and wish I had cash to buy more!
KGL Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
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