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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1769)	7/28/2013 9:52:28 AM
From: Goose94	Read Replies (1) \| Respond to of 202749

Klondex Mines (KDX-T) Shares outstanding: 64,435,144 Share price: $1.27 Market cap: $81.8 million This week we take a look at KDX-T, a gold development stock in Nevada. Klondex's Fire Creek project is high grade (over 8 g/t) and has a NI 43-101 resource estimate of over 2 million ounces. An updated resource estimate is expected later this year, which will include an additional 120,000 feet of drilling. Klondex issued a news release on Friday that states Newmont will process the Fire Creek ore during a bulk sample. This bulk sample will allow Klondex to generate near term cash flows as they continue to develop the project. A PEA is also expected by year end and if the numbers look good expect Klondex to be a potential takeover candidate. Another positive sign is that insiders, led by Glenn Poutney, have been very active buyers in the open market this year. Message 29027088