Topic: How To Invest

What is your present view on Kaminak Gold?

Article Excerpt

Kaminak Gold, $0.56, symbol KAM on Toronto (Shares outstanding: 88.4 million; Market cap: $49.6 million; www.kaminak.com), is focused on its 100% owned Coffee gold project in the Yukon territory’s White Gold District. So far, the company has completed 183,000 metres of drilling and has outlined a gold deposit that it believes could hold up to 3.2 million ounces. The project still has room for further exploration. Kaminak is spending $14 million at Coffee this year, which makes it the largest exploration program in the Yukon. In September 2013, the company raised $2.9 million in a share issue. With those funds, Kaminak should end 2013 with cash of $8 million. The company’s gold deposit is still at a very early stage. The chance of turning it into a mine depends on continued exploration success, plus the completion of a feasibility study that lenders will accept as a good reason to provide mine financing, not to mention a favorable price for gold. It’s extremely…