I wouldn't call it cheap at 23M (undiluted) considering there has been no confirmatory drilling results and no official statements have been made about known resources left to date - but yes there is massive potential - I do have faith in KE
My general rule of thumb is if a mine is not producing let alone has a JORC and the MC is between 50-100M it's time to consider taking some profits and free carrying - but that's just me.
I've been trading this around 2.5-3.3 the last couple of weeks, I might hold onto this bundle in anticipation of drilling and further news flow.
GLTAH
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