RE: head scratcher14 Apr 2023 12:46
hard to directly compare, KOD going traditional route, has full DFS and funding to build a fully fledged mine and plant
this can be seen as a less risky route
PREM has a pilot plant, this will help to raise revenue and to prove the resource to produce a DFS, riskier route as no DFS completed intstituitionallll investors may not step in until a DFS is seen
you also need to look at the market cap when comparing companies - not the SP.
PREM 219 mill kod 140 mill
as a more glaring different example just to show what I mean look at BRES who is miner also coming up to finalising a DFS and looking for JV ( not a cross ramp honest I am not invested there, using it as example )
BRES SP is 4p so at that it looks far higher than KOD or PREM but in reality their market cap is just £8mill