Northern block drilling was finished a week ago. Waiting on assay results for a nice boost to indicated (read LOM) & HG component.
It really all boils down to operating cost. Forget ideology and definitely definitely forget concentrate grade, that's only used so you guys can compare apples with unripe bananas. When push comes to shove 4 or 5 companies in the world will have capacity to keep mining if prices fall to $10, $9, $8... $5 / Lb. V is historically a peaky game and while we all believe in its future as a battery metal with perhaps an additional 30-50% added to global demand by 2030, it doesn't mean you can go in with a $7 or $8 B.E. The market knows this very well and has the deciding vote in who has the capital to go ahead and who doesn't.
TNG comparisons are fine, I certainly wouldn't try to justify their MC or believe they will get off the ground. If they don't, they are worth... ummmm? If they do, it's because of their reasonable grade Titanium.
I wouldn't, however, make TMT comparisons. I don't see KRC as a leverage play in any way, what V price do you use to get a better cashflow outcome? Remember you're starting from double the market cap (8x a few months ago!) I'll wait for your SS this week and check back in I guess. Peace and best of luck.
KRC Price at posting:
4.9¢ Sentiment: Sell Disclosure: Not Held
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