10:34:15 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Kaminak Gold Corp
Symbol KAM
Shares Issued 93,392,811
Close 2014-07-15 C$ 1.08
Market Cap C$ 100,864,236
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Lundin refreshes buy of Kaminak Gold

2014-07-16 17:21 ET - In the News

Brien Lundin, in the July, 2014, edition of the Gold Newsletter, refreshes his buy of Kaminak Gold Corp., recently 81 cents. Mr. Lundin 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 59-cent 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 $4,148. Kaminak's share price shot up in mid-June because of a favourable preliminary economic assessment on its Coffee project in the Yukon. The PEA estimates a 5-per-cent discounted NPV of $522-million and an IRR of 32.8 per cent based on an 11-year mine life and a life-of-mine production of 167,000 ounces per year. At current gold prices, Coffee will bring in $1.25-billion in cash flow. Kaminak's CEO, Eira Thomas, has stated that exploration will continue. Mr. Lundin says that based on the PEA and a rising gold price in the coming years, Kaminak may be worth more than triple its current market cap.

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