Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Gold Bulls Should Consider Kirkland Lake Gold

In this article, I analyze Kirkland Lake Gold (OTCPK:KGILF), which is a small gold producing company.

1: About Kirkland Lake Gold

Kirkland Lake Gold is a small gold producer with a sizeable property in Ontario, Canada, and (as of the end of January) $83 million in cash and cash equivalents. It currently has a market capitalization of approximately $293 million, or $330 million fully diluted.

The company has been producing on its Kirkland Lake property for many years, and it has been profitable in the fiscal years ending 4/30/2011 and 4/30/2012. In fact in the latter year, during which the price of gold hit its $1,900 peak, the company turned a profit of over $41 million, which is...

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