Ann: KALiNA Expands Land Position in Alberta, page-34

I could appropriately add this to the news stories thread but I'll add it to this announcement thread:

KALiNA Expands Land Position in Alberta
10 February 2025
estimate C$100,000 to 300,000 per MW

the news is:

NTT acquires 173-acre planned data center park in Mesa, Arizona, for $300m
March 28 2025
7 buildings
360 MW total
833,000 USD per MW

that valuation is 3 to 7 TIMES the estimate that Kalina and it's advisors give.
currently Kalina has 6 projects, right.
so market values each project at less than 3m AUD.

ps. The land in the news story was acquired in 2004
1,700 acres for 45,000,000 USD
now selling 10% of the land for total return of 6.66x
total return: 66.6 times

i guess Kalina acquired saddle hill land use rights in 2019 or thereabouts.
most value uplift would have occurred since 2019 I suggest.