...in mid 2023 long before the discovery of REEs when KAI only had 1.1m oz and gold was only US $1800 an oz Resolve Research had a conservative price target of 4.6c.
Here we are now with 1.4m oz and a gold price of US $3050 and we are drifting aimlessly along at 1.9c.
Take a look at the Peter Turner interview video from Just Stocks and do the maths. He discusses the implied valuation when comparing to the recent northern Star offer valuing DeGreys Hemi Project at 5Bn Current market cap suggests KAI is worth around $27 ish per oz versus DeGreys at $360 per oz.
KAI needs to be 26c roughly to equal that valuation and that only takes into account their Mt York resource and does not include any value for other KAI assets.
KAI Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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