Just watched Makuch on BNN This BNN interview is better than New York.
Did you notice Tony was trying to contain the laughter when asked about Fosterville grades, total ounces and production. I don't recall seeing a pm CEO beaming with confidence like today. The Feb 24th report is gonna be good. KL SP despite the slowdown in pog, refuses to decline. From my experience with TA and equities in general, what refuses to go down, must go up. simply.
The real bull market for gold is just in it's infancy, and once they release the hounds, and if stock markets crater again, we will see some real action in KL. All this great appreciation is mainly on fundamentals. $60 will be a walk in park and there isn't any upside resistance if gold goes into $1450 range. I know that sounds pretty optimistic, but all of this is with no significant appreciation in gold. It is really another world in gold bull market and my buddy Chuck can attest to that.
There was some comparision to Red Lake vs Fosterville. Red Lake is very rich area, however there is room for Fosterville to become another type of lengendary deposit via grade and AISC. It is coincidental that past CEO George Ogilvie is now running Rubicon and working Phoenix project down there. He has a mamoth task on his hands trying to correct that situation.
KL may become the gold mining story of this next bull market, which has been starved for any kind of positives since 2011. And why care about gold when Amzn, Aapl, Ntflx, FB are going through the roof for past 7 years? ( which btw is rallying mostly on what George Costanza would say " nothing" )
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