Post by
EdgarL on Feb 26, 2015 2:11pm
Comparison
If Klondex(KDX) has a market cap of $315 million, then shouldn't Mineral IRL have a market cap of $217 million? Both are high-grade gold. Klondex is working towards production of 145k/yr and Minera IRl is working towards production of 100k/yr (just at Ollachea). $315million x 68.9% = $217 million. I know it's not that simple, but it's almost that simple. At the moment, Minera IRL has a market cap of only $15 milion - meaning it has about 1400% potential to the upside. 1400% potential!!! Also, Minera IRL has a lot more resources to be found at Ollachea. Some think that there could actually be 5 million oz there! Everyone seems to be ignoring Minera IRL and forgetting that they've been in advanced financing discussions for 2 months now.