I looked at some peer group analysis over the weekend and they were similar sized explorers, some with slightly higher grades, others lower, but higher processing costs. Quite a few variables make them difficult to compare, however, they made me think Kairos should be over 20c. Hard to get a handle on value while considering shares on issue among other factors like country risk, grades infrastructure, nearology etc.
My best guesstimate. My two cents is that 10c is still a bargain. That said, who knows where this will end up. Gold fever is building!
I hope a supportive scoping study is out in the next week or three and it gives this gem a proper kick up the pants.
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