Q: Any thoughts on Kirkland Lake Discovery Corp?
5i Research Answer:
KLDC is a microcap mining company that is very thinly traded. KLDC’s market cap is just around $10M. KLDC is currently at the pre-discovery stage in the life cycle, does not have any operations, is still burning cash and issuing shares to fund their drilling. The company is still very early in its life cycle and highly speculative. We would only consider it a lottery ticket today and would not endorse it.