A dollar is still too low, but not trying to be presumptuous here. Just look at the valuation, if we were to be trading at half the value of KCL, we should easily see the stock at $1.35. Now AAA is definitely worth way more than half the value of KCL today since AAA will have a mine faster and will probably end up having more resource than KCL. In the end, that's what matters - who will have a mine faster with lower operating costs, better profit margins, etc
Market Cap as at market close Oct 7th:
AAA
shares outstanding = 117 million, market cap = 117*0.39 = 45.63 million
fully diluted = 145 million approx, market cap = 145*0.39 = 56.55 million
KCL
shares outstanding = 80.5 million, market cap = 80.5*3.92 = 315.56 million
fully diluted = 101.1 million approx, market cap = 101.1*3.92 = 396.312 million
AAA at half KCL value today would put AAA at $1.35:
315.56MM / 45.63MM = 6.92
6.92 / 2 = 3.46
.39*3.46 = $1.35
So even if you were to value AAA at half the current value of KCL, we should be trading at $1.35 today. Of course AAA is worth way more than half KCL, just do some research and you will see for yourselves.
Thanks Max Power for posting
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