As markets continue to stumble, precious metals have begun to find footing despite the market trends. Gold has recently recovered from its low, now holding out above $1800 USD/Oz. Even some analysts are predicting gold to reach up to $4000 USD/Oz by next year. And in environments with high commodity prices, exploration and mining companies are poised to benefit highly from these prices.
https://www.cnbc.com/amp/2022/12/22/gold-at-4000-analysts-share-their-2023-outlook-for-prices.html
$KALO.V is well-positioned in the gold industry with some impressive exploration properties. With a focus on Fiji, they’re located on several rare alkaline gold systems along the Ring of Fire.
- Their flagship, the Vatu Aurum project, covers 36,000 hectares and has a significant number of targets and prospects which have already shown promise in previous exploration efforts.
- Additionally, they’ve discovered high-grade results of up to 10m at 27.18g/t Au (with 1m at 120g/t Au) and 6m at 15.88g/t Au alongside near-surface gold mineralization.
- Recently entered into an agreement to acquire the AxelGold property, which is an alkalic-related gold system spanning 1,575 hectares located in BC.
With the $2M private equity placement now open, the proceeds will go towards the Phase 3 exploration program at its Vatu Aurum, which will include diamond drill testing follow-up of significant high-grade gold targets. And with the current stock price continuing to greatly outperform the market, up 17% today and 75% in the past month, IMO there’s a lot of investor confidence, and the company still has a relatively low valuation of just $7.9M.