KNT.TO just released monster earnings. Low IV now. Rally all week easy win.

KNT gold mining company just released huge record earnings this morning. Q4 cash flow USD $72 million, EBITDA $0.35 per share. With growth to continue through this year as an expansion ramps up in Q2. Gold has also risen an additional $250/oz since.

$72 million x4= $288mil cash flow. Convert to CAD is $412mil. KNT.TO currently has a $2.7 billion market cap. It’s trading at a mere 6x cash flow. This isn’t factoring future production at a now higher gold price, this would add an additional $15mil/quarter cash flow.

I think now that earnings are released and as market processes them KNT will go on a run all week to $13-14 range. IV has dropped and option premiums are dirt cheap. As I write this you can buy ITM $11 calls for $.45, only $0.08 premium. A run to $13 will 4x your money.

My position is:
2k shares
30 calls at $10 March
10 calls $11 March
10 calls $12 April