If this closes 3.39 or better we have an outside reversal.  This name has been hit for a variety of reasons but they have some of the highest grade dirt in the world if not the highest grade.  They recently put up an initial resource estimate on their Hollister mine and the retail market especially got it totally wrong.  They merely drilled the legacy mining area and are processing this material at the end of this year.   The real reason that they bought the Hollister mine is the un-drilled area (Hatter Graben).  Great Basin Gold which is defunct and of questionable operating practices initially drilled a few holes in this area… I have seen these public drill results and if they are to be believed hatter graben area in Hollister could be the HIGHEST GRADE GOLD MINE IN THE WORLD.  The kicker is this.  The CEO of Klondex and the VP of exploration both WORKED FOR GREAT BASIN WHEN THEY DRILLED THESE HOLES.  6 years later they are at Klondex and pay 100mln CAD for the property.  They know the potential of what is in the ground at Hatter Graben.  it is a TOTAL game changer.

Klondex already mines Fire Creek which is currently the highest grade gold mine in the world at close to an ounce per ton.  To put this in perspective, albeit a different mining method, Newmont moves a ton of rock to get a gram of gold in their big open mines… Kirkland Lake’s 2 best mines don’t even have the grade of Fire Creek and potentially Hollister/Hatter Graben and KL is absolutely crushing it.