RE:RE:Game ChangerGoing Deeper,
This Company doesn't release drill data. And there is simply no way to extrapolate a resource without that data. I no longer believe this is neglect on the part of management. Evidently, since April 2016 the joint venture has drilled 181 km of core. Tabulating 2 to 3 km of core every week for a news release would be a lot of extra unnecessary work.
You are correct that experienced analysts, many qualified professionals in their own right, could come up with their own rough price target based on years of experience. These are all over the place. From $4.50 at CIBC to $8 or $9 at BMO. Yet that's just a price target and not necessarily based on firm resource expansion values. For example, on Oct 30, 2017 BMO didn't reference any particular value for resource expansion anywhere in their report. You don't know if they expect a 25% increase, or 50%. And if two qualified pros like them are not completely sure, then neither would the so-called Big Players know either.
The last two K-K news events events have been outstanding. The revised 12 Mtpa PEA for K-K in November saw undiscounted cash flow increase 86%. This means Recovered Metal increased proportionately. Now the high grade resource at Kakula has increased by 50%. That means undiscounted cash flow and recovered metal for a HIGH GRADE mine has more than doubled since last summer, when share price traded between $4 and $5. And the expansion continues unabated. By any reasonable measure that could be described as seriously big news. The trouble is shareholders have been so beaten up, they now expect any news to be greeted with apathy in the market.