Sprott is the world's best known resource investor. If stockmarkets wobble, precious metals usually flourish so this bearish note is "talking its own book". None the less Sprott analyst Tekoa Da Silva makes some valid points in this note just out. Over to the expert...
The placing is probably enough to take them through to payday, so I'm thinking Q1 2019. Not too long, but long enough to prove up KML with em results and initial drilling.
Sprott were probably instrumental in getting such a low placing price, and thought they'd done a good job. They now think this is very very cheap and are Hoovering up shares, they can't resist!