Replies to post #392 on Kirkland Lake Gold (KL)

[rrten]

Hi Bob, I have been very picky about which gold stocks to own. KL is my largest position by a country mile. How can it not be, with the margins we have at Fosterville and Macassa, both mines headed towards 1 million ozs per year, 30 to 50 gram per ton, and low cash costs, and AISC. I would rather see Tony raise the dividend then buy back shares. It would cost a lot of money just to buy back enough shares to make a dent in the EPS. 25 million shares would cost 1 billion. Not worth it in IMHO. Better to use the money to keep exploring their 4 mines. At Fosterville they are drilling Harrier South and Robbins Hill. They could be triplets to the Lower Phoenix system that hosts the Swan zone. They could triple production at Fosterville if that becomes true. When I listened today to Eric Sprott, I believed for the first time we could actually break through the 1375 level. Up to now it has been more of a fairy tale to be honest. I like CGM too, KNT, and too bad Atlantic gold was bought out.