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KL - A Look At Kirkland Lake Gold's Insane Valuation
Kirkland Lake Gold Ltd.
Kirkland Lake Gold's valuation is reaching absurd levels due to the drop in gold prices.
If gold fell and stayed at $1,500/oz (unlikely), the miner would not only still be profitable, but would earn billions in free cash flow from 2021-24 (BMO estimates).
Kirkland Lake Gold reported strong Q4 results; its Q1 2021 results will be the weakest in the year. Any dips in its stock price should be bought by long-term investors.