If KBL delivers on its promise to eliminate its debt following the recent CRs and then continues to produce gold at the current rate (as it should), then the Market cap should be around $50 million, at least. That's a 7-bagger from here and an SP rise to around 4 cents. I think that is being very conservative - prove up more deposits at Mineral Hill to extend the mine life and if the POG rises even further (and the AUD drop) then we are looking at a substantial increase in the SP. This is all do-able within the next few months. There are plenty of goldies out there with higher MCs who have yet to produce a single ounce of gold. KBL, as a producer and mine owner, is grossly undervalued in my opinion. GLTAH.
KBL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
