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Kalo Gold Corp (KALO)

TSXV
Currency in CAD
Disclaimer
0.04
+0.01(+0.00%)
Delayed Data

KALO Comments

Check out the latest Kalo MD&A for lots of insights about their activities... Here's my TLDR, compelling opportunity in the gold sector with their diverse, promising projects in Fiji and now BC. Recent exploration has unveiled substantial gold potential and they're well-positioned for significant discoveries.
Kalo's P/NAV ratio at 0.45 reflects an undervaluation relative to their assets and growth prospects. With an extensive land package in Fiji, strong resource base, experienced management team and favorable gold conditions. Definitely an attractive opportunity here.
Gold prices are hovering above the $2000 USD/Oz mark, with KALO's property holdings and continued exploration efforts, they're well-positioned to take advantage of the market.
KALO is at such a low rate currently, lots of potential here as they are currently exploring their Vatu Aurum project with both a significant geophysical survey underway and a planned diamond drill. Reported resources so far include 1M t@ 9.48 g/t Au and 1.33M t @ 9.0 g/t Au
I just read an update from KALO Gold about their exploration program at the Vatu Aurum Gold Project in Fiji. Sharing some highlights from the release, they completed a BLEG sampling program and are currently doing a stream sediment sampling program. They also contracted Fender Geophysics Pty Ltd to do a geophysical survey. After the rainy season, they plan to start a diamond drilling program at the Mouta Prospect.
Kalo Gold closes its second and final tranche of their non-brokered private placement raising total gross proceeds of $2.35M. A significant portion of this investment is led by Crescat Capital LLC and a foundation owned by Michael Gentile with Crescat now owning 13.5% and 11.8% of the company on a basic and fully diluted basis.
Another prediction for gold rising 10%+ in '23. High potential jrs like KALO offer early advantages in limited new mine supply. Recently closing $2M financing accelerating phase 3 exploration in RingofFire. Prospects already returning highgrade gold, silver and copper grab samples.
KALO’s $2M Non-Brokered private placement will accelerate their phase 3 exploration program at their 100% owned Vatu Aurum Gold project, a 367km2 land package located in the Ring of Fire. This project shares the same trend host to other major gold deposits including Vakukola Gold Mine still producing 7M oz+ since 1937.
2022 was an underperforming year for gold, but there are several reasons to consider a positive outlook for gold in 2023 including increased demand from central banks (especially from China) and potential ongoing geopolitical tensions. However, it’s important to note that analysts are reporting gold to potentially rise by 10%+ in 2023. I think high potential juniors like KALO provide a great opportunity to tap into early advantages within the limited new mine supply.
I’m looking forward to the next updates from KALO, they’ve had success in their last private placement raise which will accelerate work on their Phase 3 exploration programs and overall I think their 367km2 land package in the Ring of Fire sharing the same extensional fault zone host to major gold deposits (Vatukoula and Tuvatu) has major potential.
Gold is to hit $2500-$4000 by 2023, and with Kalo now raising $2M in addition to the new property, there's a lot of potential for the company going into 2023. They're already outperforming the broader market by a significant margin here: https://www.cnbc.com/amp/2022/12/22/gold-at-4000-analysts-share-their-2023-outlook-for-prices.html
Gold has historically been a solid hedge against economic uncertainty. Right now with increased tensions in Eastern Europe, rising inflation, and supply chain challenges, economic uncertainty has never been higher. $KALO has a great property and is very undervalued at its current levels. Definitely an interesting play here.
$KALO is on InvestorChannel's top watchlist performers from Friday. $KALO.v also recently announced $3M brokered PP offering by Cormak Securities at the same time as commencement for phase 2 explorations at their Vatu Aurum Gold project
The current $3M private placement, low market cap, and promising project tied with gold sitting near 5-month highs make me excited about the future. I'm seeing strong support at $0.22 with lots of insider ownership as well. $KALO is definitely one to keep on the watchlist.
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