Awaiting the new resource upgrade for Mt Henry...how much bigger will it be? And, will it surprise many to the upside?
It is time that KAL got seriously compared to many of its neighbours in terms of JORC compliant resources and market capitalisation.
Making allowances for cash on hand or $40m for plant and equipment, KAL is due a massive rerating. Take neighbours like IGR (which I own) with a market cap of $170m or RMS also with a market cap of $170m and you can see that KAL at $18+m has a lot of upside.
The resource upgrade that will, hopefully, deliver 1.6moz and a higher grade around 2g/t will surely move the market cap considerably higher.
Plus, if KAL can get some promising nickel readings over the next few weeks from its highly prospective tenements, there will be no stopping the sp!!!!!!!!!!!!!!!
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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