Added to YB: 2026-08-17
Pitch date: 2026-08-13
KEWL [neutral]
Keweenaw Land Association, Limited
-2.8%
current return
Author Info
Divergent Capital is a self-taught value investor in the tradition of Graham, Buffett and Munger. Sign up for the newsletter.
Company Info
Keweenaw Land Association, Limited operates as a mineral land management company. It owns, leases, and manages mineral rights in Michigan and Wisconsin.
Market Cap
N/A
Pitch Price
$76.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
Keweenaw Land Association ($KEWL): Capital-Light Mineral Portfolio Optionality
KEWL (overview): Capital-light mineral rights platform, ~1.05M net acres in Michigan UP. Cornerstone Copperwood ~3.8% Cu-Ag NSR; DCF at $4/$5/$6 Cu = $48/$60/$72/shr. At $75.26 close (~$85M EV), Copperwood success already priced in. Chair Jamie Mai (Big Short) owns 29.6%. Speculative, illiquid OTC, unprofitable, poor discovery base rates; upside if converts to self-funded royalty platform.
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