Does Kirkland Lake gold hold an interest in Fosterville South Exploration FSX:CA ? or are you hoping that the smart money is on them finding more resource and possibly buying the plant? Fosterville has been a brilliant result for KLA. But I see a waiting game until more High Grade is discovered (we still have plenty of acreage staked) or the upstarts run out of cash and KLA can move in. The focus has rightly been placed back on the Canadian assets (this may just be good Poker) but Detour is looking positive. I still think Fosterville can be a good asset but we can't expect the grades (and ridiculously low AISC ) we have seen for the last couple of years.
KLA Price at posting:
$51.00 Sentiment: Buy Disclosure: Held
