Karelian Share Price (KDR)

Still well under the radar.... with the Land Court hearing scheduled for 21st May, this is a potential company maker.

The company have suggested that the meeting is merely procedural, and once confirmed, it won't be long before KDR have full land possession of Lahtojoki, having already received a Mining License from TUKES, the Finnish Mining Authority.

Whilst Lahtojoki is no Lomonosov or Grib over in Russia, it already has a conservative Preliminary Economic Assessment of $225M, which in 2021 First Equity valued each KDR share at 35p. It also has highly sought after pink and blue diamonds which could make this mine more attractive as a standalone operation.

This PEA does not take into account any land to the south of Lahtojoki that KDR has already reserved and is potentially more lucrative, including 1% diamond containing boulders at circa 90,000 ct/T.

The PEA doesn't take into account any other KDR project, with some of these having the potential to be far more valuable than Lahtojoki.

What happens (and how quickly) is anyone's guess following full land possession, but in terms of KDR delivering, it's surely coming up to now or never time.

Current MCAP, £2.65M.

Https://www.miningnewsnorth.com/story/2024/05/03/northern-neighbors/burgundy-starts-year-with-bountiful-quarter/8502.html

Lahtojoki permission in less then 18 days

Fancy 7 % of which 3% pinks

Bulk sampling can begin

Very quickly becoming increasingly interesting

If things work out I'm sure there will be a creme egg offering, as a token gesture to any token punter who misses out on this interesting opportunity.

Each sister has a low strip mine ⛏️ coming???

Cgnr stock box today saying they want a mine up and running .currently no permit?

Kdr

Lahtojoki full permit next 6 weeks time 🙏

We could be in pole position

Both sisters are actively working to bring in a mine each

Lahtojoki should be first in?

Wow