Investing Magazine), which is therefore probably why the Yahoo scale has the company rated undervalued, even with a 16.6 Price/Earnings.
The second reason is associated with this... We know that KL is a tech company in support of it's mining operations. As I understand it, they are using magnetic/gravity testing to ID/pinpoint areas with concentrated amounts of heavy metals (Gold), and combining it with GPS satellite imaging. Also, they are using electric instead of diesel earth movers, drills, and trucks. Therefore, their ventilation costs are at a minimum, and they are able to probe much deeper for gold deposits.
The third reason is for the future growth. KL has been recently investing in (and in some cases getting directorships) in small mining companies which have a couple of things in common. {Wallbridge Mining was mentioned today.) 1st. They are going companies that are cheap yet stable. And 2nd, and most importantly for future growth, these companies both already have a giant mining rights portfolio, or the options to buy the land or rights. If KL keeps this up they. and their equity future growth seems insured.
JMHO
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