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Enter Symbol
or Name
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Kaminak Gold Corp
Symbol KAM
Shares Issued 143,725,311
Close 2015-04-06 C$ 0.93
Market Cap C$ 133,664,539
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Lundin says keep holding Kaminak Gold

2015-04-06 20:39 ET - In the News

Brien Lundin, in the April, 2015, edition of the Gold Newsletter, says hold Kaminak Gold Corp., recently 91 cents. Mr. Lundin first said buy in January, 2010, at 59 cents. He then said take some profits -- perhaps sell half -- in July, 2010, at $1.54. Assuming a $1,000 investment for the buy, selling half at $1.54 yielded a profit of $757. Mr. Lundin said buy seven more times between August, 2010, and March, 2014, at prices ranging from 85 cents to $4.22. Assuming a $1,000 investment for each of the seven new buys, and taking into account the $500 investment left after the half sale, the $7,500 position is now worth $4,763. Kaminak has closed a $21-million bought deal, and will use all of the money to carry out feasibility work at its Coffee project in the Yukon. The company believes it can improve the numbers of a 2014 preliminary economic assessment, and has devised three possible ways to do so. In addition to the $21-million of feasibility work, Kaminak has also budgeted $3.6-million for permitting and $5.4-million for exploration. Mr. Lundin says he has high hopes the feasibility work will boost the profitability of an already worthy project. Coffee appears to have everything one would want in a gold project, he concludes.

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