Undervaluation here, at unseen level 1) Karora is already on actual number undervalued by 40%, that give 6,40$ Share price. P/E of 8 before Q1 number that will improve EPS because Gold price was lower in Q1 20 and there was an hedge on Gold at that time...
2)That didn't account for Ressource update at Spargos and Larkin that could propel the P/E over 10...
3)That didn't calculate for the Growth plan that will tell how production number will improve
4) There is a possible Guidance raise coming for 2021, Paul Huet does that while CEO at Klondex..
5) New Nickel Find not calculate into ressource yet..
6) 7 drill turning all years long..
7) Possibly mining under FDV in the upcoming weeks/months...
8) ASX listing is going to raise P/E around 12 for comparable company..
9)Price of Gold going higher
10) How the 100 millions cash is soent to create return on investment to Shareholder
All those multiple effects are unknown right now but there is only one direction for Karora