Severely Undervalued at These Levels Fiji isn't a super common place to hear about gold exploration projects, but things are looking attractive for $ALO.Vdue to the high-grade samples and location. $KALO.V has a few impressive features on their flagship,Vatu Aurum project.
- 100% owned 36,700-hectare property
- Located along the Ring of Fire with good infrastructure and access (They own a drilling rig which lowers costs and improves efficiency)
- High-grade potential with results returning up to 6.27 g/t in phase 1
With phase 2 now commencing, $KALO plans on drilling the high-priority targets to continue to confirm mineralization and expand the gold zones. Results from the phase 2 program are something to keep an eye on as they continue moving forward on their exploration plans.
Gold prices are sitting comfortably near $1800 USD/oz, and prices seem to have been slowly trending higher and higher since the end of September. Plus, with commodities rising in prices due to economic and social uncertainty, it's definitely worth it to have a few gold mining such as $KALO on the watchlist. $KALO is significantly undervalued right now, with a market cap of only $13.4M even after today's 10% breakout.