KCL ALERT Re: RAY AND KCL - Cannacord suggested a target price for RAY of $3 a share in a recent report and RAY has been on fire ever since (currently $2 a share). If we use their valuation metrics $4 a tonne in situ, then KCL with it's 400 million indicated and inferred resource would be worth $37 a share. I think KCL is the truely undervalued one of the junior non-producing companies.