Post by
hisandlos on Feb 17, 2021 10:44am
like it but overvalued here
A valuation of $10 million without any drilling so far is way way way too rich for this company.
It ran up hard based on the placement and the area however, when you do a comparison lets
say to Sokoman or lets say to a Metallis. Sokoman at its infancy with their famous drill hole
at one point was trading at .05 cents with a valuation based on their float at the time of around
$3 million if that. Metallis currently with a similar share float to K9 and with a ton more drilling
and defining their property is way way way ahead in terms of exploration than K9 and has a
market valuation of $18 million versus $10 million for K9 without having anything to show for
the property except hope. K9 has been running on the coat tails of Sokoman and New Found and
Marathon and the excitement of the region. However someone elses success does not guarantee
that they will have anything close to the same success. I like the potential but where they are
right now I would not put anymore than a $3 million dollar valuation on this which for me says
the stock price is way overpriced and will correct in my humble opinion.
Comment by
mainerisk on Mar 19, 2021 12:27pm
My bet is on K9 Gold Corp. You need to invest in the ones you believe in and not try to justify why your investments should be higher then others that are leveing your investments behind,