Compelling Valuation of KDKI'm more than a little shocked at KDK's current low market cap. When Teck took its initial position in KDK it was for $1.95 per flow through unit, with about 40 million shares outstanding. That was 3 1/2 years ago. The share price then spiked to $3.37 per share. So, the valuation Teck bought in at back then was around $78 million and it spiked to about $135 million. The current market cap is bouncing between $31-34 million, and in the last 3 1/2 years they've significantly increased the size of the MPD deposit, linking up the various areas, and increasing strike length, width, and depth significantly. Current market cap is about 40% of what it was when Teck bought in, and they've expanded the deposit considerably. Teck also participated again in last year's financing. I think the value here is incredible.