With the crisis in Ukraine looming, Gold (aka the safe-haven metal) prices are nearing an 8-month high (source: https://www.mining.com/gold-price-holds-near-8-month-high-as-investors-monitor-ukraine-crisis/).
I don't see things settling anytime soon so I have been looking into small-cap gold investments a lot recently.
One of my picks Kalo Gold's ($KALO.V $KLGDF) is trading under $0.20 despite seeing some gains connected to gold's rising prices, so I think it could be undervalued rn.
$KALO's flagship project, Vatu Aurum (Vanua Levu, Fiji) has historically exhibited epithermal gold mineralization and $KALO's Phase 1 drilling program intercepted gold in several drills.
Phase 2 drill and surface exploration is already underway, showing that they are continuing progress on the project, and I think we should expect another update soon.
Today $KALO closed at $0.17, MC $10.804M