1) Acquire shares in publicly listed Co's if the Co has future potentially profitable gold production or
2) Acquire ownership of any economic deposit that another Co may discover.
Article from KLA Website: Management’s Discussion & Analysis for the three and nine months ending Sept 2017 and 2016
In addition, Kirkland Lake Gold makes strategic investments in the common shares of other public issuers in instances where the Company can gain exposure to prospective mineral properties that offer the potential for future profitable gold production. In the event that the prospective mineral properties owned by a public issuer in which Company invests results in the establishment of an economic deposit, the Company’s intention would be to acquire ownership of the deposit.
KLA Price at posting:
$21.00 Sentiment: None Disclosure: Not Held