KIRKLAND LAKE GOLD (TSE:KL) ANALYST RATINGS HISTORY
Show: https://www.marketbeat.com/stocks/TSE/KL/price-target/ Kirkland Lake Gold Ltd. (TSX:KL) @ PDAC -
March 1 - 4 Metro Toronto Convention Centre, Toronto, Canada
Kirkland Lake Gold Ltd.
Booth Number: 2313
Website: http://www.klgold.com https://www.pdac.ca/convention/exhibits/investors-exchange/exhibitors?startsWith=k
Ex. by KL shareholder....
Kirkland Lake Gold (TSX:KL) Quite undervalued -
I added to my position at 31,6 USD.
We're down 31,5% from the close prior to the detour merger
Taking the detour valuation as well on 25th of November,
we are down 28% in combined market cap.
Meanwhile gold is still up 8% since and we had the best
Kirkland results ever.
And we still have our 707 million dollar pile of cash
sitting there, becoming a substantially larger portion
of the company valuation as price declines.
The only way this valuation makes sense is if you reason
that Fosterville will not increase reserves at all and
they'll just scoop up 2,1 million ounces there with a
total profit of 2,7 billion and close up shop.
In that case we'd have 0.7 billion in cash, 2,7 billion in
Fosterville profits and the rest would then be
worth 5,8 billion.
Detour was already valued at almost 3 billion when gold
was 8% lower thus given their high leverage to gold price,
i'm just going to lowball and give them
a valuation of 3,5 billion.
So what remains is 2,3 billion USD of value for
synergie benefits between detour and macassa operations,
the investments in
Novo amongst others AND
any upside potential to fosterville.
I think the market is being irrational and we'll be in
the 40's in no time.
There is no long term downside risk to this stock
at current gold prices.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website http://www.klgold.com https://s23.q4cdn.com/685814098/files/doc_presentations/2020/02/Q4-2019-Conference-Call-Webcast-Feb-20-2020-v4.pdf
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