OTCPK:KRCLF - Post by User
Post by
MaterialsManon Apr 02, 2023 4:58pm
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Post# 35374958
A little comparison shopping
A little comparison shoppingTrying to figure out why KRR is not selling at a higher multiple. So, thought I'd try to find a similar operation to see how their share price is doing.
K92 sort of fit the bill.
They have similar production numbers, ambitious plans, and other similarities. They do have about 60mm more shares out.
K92's market cap is well over twice that of KRR's. The extra shares do not account for the disparity.
I do not believe they are in a better jurisdiction. After looking at both recently published M&A's, I personally think that Karora has better prospects. Someone that owns K92 would probably see it differently.
All in all, I would conclude that either K92 is overpriced or KRR is underpriced.
Anybody know the K92 operation well enough to determine whether it is worth twice as much as KRR?
Or, if Karora should have half the value of K92?