The placement at 2.5c appears to have been great value for those lucky enough to get in on it, the lack of supply appears to show that most who took it understand this. While the argument can be made that it was too cheap there’s a pretty solid argument on the other side too...
KMT and MOD are both exploring the Kalahari Copper belt, both have similar exploration acreage. While MOD are obviously significantly further advanced the gap in valuation is compelling and likely to be bridged as exploration continues.
MOD $113m MC
KMT $16m MC
Check back in a year...
KMT Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
