Yes, an absolute minimum of 3 cents per share is where KAI should be at.....and I like the sentiment about PLS coming on board....
but.....
3 cents/share x 1,964,090,000 shares = $58.9 million ..... not a miserable $10 million.
For what it's worth, here's a valuation the company arranged for:
2023-03 Kairos Minerals Research Report.pdf
It says 4 cents to 9 cents per share.
Many people have done very well out of PLS. And back in 2015, when there were glints of spod in the ground, there were many, many PLS detractors. And what was PLS prior to 2014, and for how long?
There have been winners and losers on this speculative journey. Altura was a loser. PLS may have ended up that way as well. In this end of the market, it's high risk - always, high reward - sometimes. So you spread your risk out over a few stocks and take your chances.
Kairos - well I'm still going to stick around and see. There's enough here to keep me interested in this little horse for a while yet. The reason is that it's a small stable with a number of horses.
Forgetting about Mount York, Roe Hills, Croydon, and Lalla Rookh, etc; have look at Skywell. Big fat quartz vein on the surface with 12 g/t Au rock chips - and in a similar geological setting to Hemi - but waiting for heritage surveys. In the meantime it looks like the resource estimate for Mount York gold will reach approximately 1.4 million ounces in the next week or so - and that's only the beginning for Mount York gold.
DEG - $2.24B MC, approx $1.50 share price for about 10 million ounces - that's about $220 per ounce. KAI - $40M MC, approx 2 cents per share for a current known JORC of 1.1 million ounces - that's about $35 per ounce. Mount York and Hemi are similar g/tonne grades. Look at the metrics and work out what might happen in the medium to longer term, particularly as Mount York increases in ounces.
Sometimes patience pays. Sometimes it doesn't.
All just my opinions only.
GLTAH.
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23 | 6609899 | 0.010 |
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