Another good step up in price. KLA have turned themselves into a money machine. Look at the production figures (currently just under 30 g/t) yet the exploration drill outs have huge results (16m at over 600 g/t for example). The cost of production is continuing to reduce, the current average swan grade is 63 so expect further big reductions. KLA also have Phoenix and Robbins Hill shaping up as mines in their own right. Reserve upgrade due in a months time will move the total reserves to another level again. Am thinking its time to forget about other gold specs, if the goal is to make money without all the bs, it seems to that KLA will just go on and on. The energiser bunnny of the world wide gold industry. DYOR
KLA Price at posting:
$37.98 Sentiment: Buy Disclosure: Held
