Kirkland Lake Discoveries Corp.

• Disclosed pending deal
  Sub-score: Not scored

  No pending acquisition or merger disclosed (checked)

  Not scored: having no deal in flight isn't held against a company.

  Weight 26.25%
• Producer's strategic stake
  Sub-score: Not scored

  No producer holds a disclosed stake on file (holder register researched) See holders

  Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.

  Weight 25%
• Distance to a producing mine
  Sub-score:

  9.7/10

  Nearest producing mine: Macassa (Agnico Eagle Mines Limited), 4 km

  10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.

  Weight 22.5% · 46% here
• Lifecycle stage
  Sub-score:

  1/10

  Stage: Grassroots Exploration

  Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.

  Weight 15% · 31% here
• Jurisdiction
  Sub-score:

  9/10

  Canada: jurisdiction score 9/10

  Our jurisdiction score, used as is: higher means lower political and permitting risk.

  Weight 6.75% · 14% here
• Commodity
  Sub-score:

  10/10

  Primary commodity: Gold

  Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.

  Weight 4.5% · 9% here

Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.