Manipulators, pip-traders are finding a hard time to push down sp. At this rate of absorption sellers will be exhausted soon, just as we have seen numerous times over the last 2 weeks.
As I have said previously, this beauty is bound to rise to MC of $1.2billion-$1.3billion within the next 12 months to as we move through various stages of DFS, mining permit, off-take agreements...just as PLS have done.
Ultimately in the longer run when we move to set up the JV refinery and surely more resource upgrades, we will some day surpass MC of PLS which I believe in 3 years time could be circa $3billion.
There is still so much upside potential in this beauty as it was madly mispriced by the market in the aftermath of the MZN litigation tussle.
KDR is a screaming buy right now as it continues to re-rate to fair market value in comparison to peers.
KDR Price at posting:
$1.39 Sentiment: Buy Disclosure: Held
