"...5. KDR is undervalued compared to PLS for a few reasons mainly they are further along the dev path, have metallurgicals, offtakes, Feasibility, finance etc and are under construction ... KDR is also temp under a legal cloud..."
Companies attain a higher valuation as uncertainty is removed... for example a wide spaced drill Inferred Jorc resource is not valued as high by the market as closer spaced indicated drilling ... as indicated is more certain. Similarly a Scoping study is not valued as highly as a more detailed Definitive Feasibility study ... put plainly PLS is further along the development path having Metallurgical results and DFS defined and finance approved construction started etc ... KDR currently does not but is closing the gap "very" fast... and mcap will reflect that increasingly as we progress. Of course the legal cloud brings is own "temporary" uncertainty.
DYOR research to confirm..
KDR Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
