So, dialled in to the KLA guidance call last night. A lot of very happy upbeat KLA dudes along with a variety of investment analysts. Some good comments about continuity of resource and open boundaries for current high grade zones. Drilling is underway to infill the area between Lower Phoenix and Swan which may have potential for large resource improvements. Mgt confirmed no restraints on mill thru put at current production levels. Was hoping for more info on regional exploration but in hindsight am not surprised, they wouldn’t want to encourage even more competition. One great point I noted in the presentation was a reference to ‘repeats of swan mineralization ‘. Someone commented during the week that it was not realistic to expect more swan zones but the presso reference along with comments referring to ‘extraordinary ‘ drill core from other zones makes it clear to me that we are dealing with geological features on a much much broader scale.
KLA Price at posting:
$51.75 Sentiment: Buy Disclosure: Held
