MPV vs. KDI Valuations I started reading the MPV posts a while back. The informed posts speak to the value of MPV. What I do not understand is how KDI can be valued at 1.17/share. MPV and KDI are essentially right next to each other, the same CEO, CFO and Primary Investors and there are 3 pipes proven for each yet KDI is valued at 21 million (market cap) vs. 468 million (market cap) for MPV and MPV is only 49% of the venture. So really the deBeers/MPV venture is close to a billion today, maybe two billion after permitting yet KDI is only worth 21 million. I'm not saying that KDI should be worth the same as MPV but if MPV goes to production and there is a sniff of diamonds on the KDI property, shouldn't everyone be all over KDI, even now?
If MPV was a proven oil field and KDI was unproven farmland next to the oil field, the farmland would be valued at a big premium just for being next door.
Someone please explain what I am missing. Thanks in advance.