Kairos Minerals Ltd (KAIFF)

[Sheep]

Here is a little due diligence for you:
This gold stock with 875,000 of Gold in the ground just became a Lithium stock as well. 
Kairos Minerals Limited (MPJFF) had some pretty great news this week. They look to have hit a 1.7km wide lithium deposit. They don't pump and Eric Sprott is an owner.

Here is the link to the PR:
https://www.kairosminerals.com.au/wp-content/uploads/2021/11/Wodgina-Lithium-Update.pdf


I would love some discussion on this one. They have a $39 million market cap with no debt with $5 million in cash. They have a known 875,000 oz of AU in the ground at shallow depths. That 875k oz at $1,800 is $1.5 billion. They are just now getting back drill results from the drilling they have done the last 8 months and in initial results they found a very strong Li deposit which is right next to an already producing Li mine.  They will no doubt expand the numbers for the gold in the ground once the results for all the holes drilled this year come back.

What am I missing here. I just think people don't know about this one because the company is well funded and they do not pump.


Here is a link talking about Sprott being the largest shareholder with almost 10% of the company being owned by him.

https://www.kairosminerals.com.au/wp-content/uploads/2020/06/Disclosure-Document.pdf