"

"GP: One of those top picks was Kaminak Gold Corp. (KAM:TSX.V). The company is advancing its Coffee gold project in the Yukon toward a feasibility study that's due out Q1/16. I've been to the Coffee project several times and know the technical and management teams. I understand the plan. This is a project and a company that ticks all of the boxes. It has a 4 million ounce (4 Moz) gold resource that's contained in near-surface oxidized deposits that would fit well into coherent open pits and are easy to mine. It's also easy to get the gold out of that rock by dump-leach gold extraction. Recent testing by Kaminak shows that it barely needs to grind the ore, which reduces its mining costs because it would not use as much power in the mill.

The gentle rolling hills at Coffee provide straightforward engineering and development options for building a mine. Kaminak is focused on getting a mine into production but there's still a lot of exploration potential in the area. Given the state of the market, Kaminak management realized that it made more sense to pin some economics onto the project rather than adding ounces. But it should be able to easily add ounces as well, down the road.

TGR: Is there a risk that Kaminak gets taken out before it fully realizes its potential?

GP: Absolutely. I'd say that that's a common concern among the CEOs of companies with minable advanced assets. They don't want takeover bids yet because they know their assets are worth more than their share price represents. They're trying to boost that share price as quickly as possible. "

http://www.theaureport.com/pub/na/why-gwen-preston-is-buckling-her-seat-belt-for-what-could-be-an-interesting-summer