MKY mky resources ltd

no news, page-17

  1. 215 Posts.
    Trench results show what is in the trench. Geologists can speculate on the significance of these results but Drilling is needed to conclude the exact extent of the resource and get an accurate in ground valuation. Speculation will drive the share price higher after good trench results. How high will depend on how the market interprets the potential. Once the initial results are out the company must begin to market itself because it will need to raise capital to continue. Currently there is no (or negative) marketing and this is affecting the share price. I wonder about this and maybe there is already a Joint Venture agreement ready to happen when adequate proof of the resource is there.
 
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Currently unlisted public company.

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