One reason for holding exploration stocks is the possibility of literally striking it rich. Kin is doing a lot of drilling around Iron King. In that area the relatively small historic mines were chasing very high grades - visible seams of gold in the ore. The downside of that kind of exploration is that once you have moved away from the location of the historic outcrops a drill has to hit the high grade ore, which will be much narrower than the drill spacing. Exploration stocks are defined as speculative for good reason, but the potential upside remains.
(visible gold in quartz at Iron King)
KIN Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
