In my opinion there are FOUR main reasons' which seem to be...

In my opinion there are FOUR main reasons' which seem to be overlooked by the Market in valuing KAI , and which therefore support why Investor's ought to be confident in the current pricing of KAI at the current 4.1-4.2 cent entry level and the limited downside to around 3.7 - 3.8 cents.

FIRSTLY , and in no specific raking order , if we look at the prospect of them ( the BOD ) requesting that ALL the 2.5 cent Options ....ie New and Old with the same expiry of 31 December 2021 be listed and available for trading , we would then have a very handy 18.17% of the company ' up for Grabs ' with the 311,484,063 potentially converted shares. In addition to this and if the 132,818,181 10 cent Options were converted by this coming December , then that would represent a staggering 24.06% potential control over the total shares outstanding.

SECONDLY - The Company has TWO major project areas in the Pilbara and Roe Hills project in the Kunralpi region of the Eastern Kalgoorlie goldfields district. And in terms of BOTH these areas , the company has received EIS drilling grants from the Western Australian Department of Mines to the tune of $300,000 ( $ 150,000 for each area ). No other company that I can see was able to obtain grants for 2 of their projects. So this in itself should indicate the recognised ' prospectivity ' of their land holdings.

THIRDLY - if we accept that the Market will ultimately scale it's valuations against proven resources , then as has been stated numerous times , and when compared straight up against it's ( KAI ) peer valuations , then you cannot go past the mere fact of KAI's Mt York deposit with it's 873,500 ounces of Gold ....... ( re: map below )

FOURTHLY - On two prior occasions in 2016 and 2017 , the SP retraced approximately 47 - 49 % off it's highs and on what appeared to immediately follow a significant rerating in the Stock. If you then look at what has happened as result of the recent GOLD rally which has been even more significant than prior , the SP has almost followed the exact pattern coming of the recent high's of 7.2 cents......