Kirkland Lake Gold (KL)

[jimbo8]

KL is being treated like a regular gold mining stock rather than a tech growth stock because of its product. These guys took mining science to a new height with their (NEW) methods of exploration and deep mining. Double digit annual growth for each of the last 4-5 years, and most quarters being double digit growth speaks for itself!

The problem is that the market isn't recognizing this like they did earlier last year with a 19+ P/E ratio, which has now down to 14.3. Because of the mundane product, and only having one avenue to profit; KL is not touted as a stock of the future, no matter almost what they do. Maybe they need to buy a bunch of smaller operations (mines) if they meet (or come close to) KL's extremely strict criteria for anticipated costs and yields.


Thinking outside the box: What about getting in touch with Mr. Elon Musk and figure out, in a joint venture, how to mine asteroids in outer space? Reportedly, there was an asteroid found this year that had more gold in it than was thought to exist on earth. That would sure excite the public and probably rocket the price into outer space.

JMHO