I think that we could see a 20-30x run in the share prices in the next 24 months as we ramp up to 108k oz/year production - even if gold prices just stay at the same levels. A PE ratio of 20-30 might even be too conservative for an actively exploring gold producer that keeps hitting wide veins of Au, Ag, and Cu. I think that the Kora-Irumafimpa deposit will be at least 4 mil oz AuEq total when connected and drilled out. Then you have the Judd vein thats not been well tested (but looks to be also high grade) in addition to the Mati, Maniape (800k historical oz Au), Arakompa (560k oz Au historical and open to depth), and Karempe veins. It also looks like there are 3 untested porphyry targets on the property as well...
I don't think that the efficient market hypothesis applies to the small cap mining sector. I've done multiple google searches for K92 in the past few weeks and sometimes I think the only people who know about it are the ones on this message board lol.
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