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Yes - pretty poor quality construction work but as long as they meet local regs that is ok... if this was Cornish lithium, for example, the construction would look amazing in comparison... only problem is we wouldn't be seeing the pics until 2029...
You are right Lucky. A mining company's valuation shouldn't be based on the value of their assets - that should be the bare minimum. It's the economic benefits they can derive from these assets that should form the basis of their valuation, which will be much higher. Thanks for pointing this out.
a) Sell - No-one could be-grudge you if you sold out. 5.7 Bags is fantastic.
b) Sell part - You would only have to sell 17% of your shares for a free ride.
c) All in - ride the lot through to lith production, lith expansion, gold, dividends or bust!
I've got Kod and GGP. Putting any cash I have into both these at the moment as with KOD I can only see huge upside. GGP is undervalued in my view as well and could become a big player in the Aussie gold mining sector... Both have risks but nowhere near the likes of VAST he1 etc
I would also consider PREM and ALL
I also would add AAL and RIO / BHP if I had the money (currently extending my house so low on cash). Thinking profits from KOD will go into the majors if they stay near current prices.
I have a mining background having worked for AAL so pretty much only invest in mining companies!
My opinion is that this share has a long way to climb... I think we are in very early days on the first significant ramp on the lassonde curve - what I think will happen is that this will climb to a true value then climb above that value for a short period and then drop below the true value for a prolonged period. My guess is:
Current price: 0.84
True value 2023-2024: 1.50
Peak price: 2.25
Average price 2023-2024: 1.25
Longer term: who knows? Depends how well they reinvest profits and what luck they have in finding more resources...