CAI Valuation - comparison to peers, page-105

ALK is $300M EV? They are listed as $400Mcap on Marketindex right now, + $70M in the bank too, iirc?
They are also polymetallic. Boda is a big system with huge low grade hits , for ex
KSDD031 383m @ 0.8gt Au, 0.3% Cu
KSDD015 1249m @ 0.2gt Au, 0.1% Cu
so the potential is there for them to move up to tier 2 producer level. So not surprising you find them better value.However they do have "issues" from time to time, with large drawdowns in the SP ,as the chart shows.



But I agree, Technical Analysts will see, that the CAI SP is highly unlikely to stay down here where it is now in the long term. I dont ever recall seeing a 70Koz Gold producer at this valuation. I think a fair amount of people , including some of the dumpers, will re enter when the financial issues are sorted out.