Kirkland lake have issued their production update this morning. Interesting to note that they have USD 322min cash and enormous cash flow from their mines.
Im a big promoter of NML, partly because of the KLA holding. Am hoping that the extraordinary results at Fosterville will result in a share based takeover offer for NML by KLA. This will solve the KLA share liquidity issue (in Australia) whilst also providing a good result for NML holders. Even at 15c per share, I’d be happy to swap to KLA shares and continue what I suspect will be the best gold story of our generation. DYOR
Kirkland lake have issued their production update this morning....
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