- Klondex Mines released a PEA on April 29th.
- While the report shows less production than I anticipated the potential for additional production is still there while production costs will remain low. .
- The company is ultimately overvalued on a DCF basis using the cash-flow that we can accurately calculate, but the unknowns dramatically improve the upside potential. .
- Therefore Klondex Mines remains a compelling speculation stock for gold bulls.