oversold on good u news now a bargain

MKY has 430,000,000 currently issued shares. At to-days low was worth 4.0 cents / A$17.2 million. At its pre announcement peak it was 7.8 cents / A$33.54 million. The valuation here is IMHO a very decent bargain for a u explorer that appears to have located a new style of u mineralization and appears to have made a very decent effort in securing a number of claims that appear to contain the target mineralization.

Loveringite was offically acknowledged as a mineral only in 1978 and is found across the globe. MKY seems to have uncovered the fact that Hodgkinson's Province contains loveringite that carries decent grades of uranium within the Palmer River Goldfield and acknowledges that this type of occurence is currently restricted to North Queensland. The Palmerville Fault also runs parallel From North / South along the Southern boundary of the MKY claims and probably controls the mineralized systems.

The MKY claims are contained within a mafic intrusion. These systems are rare and typically are rich in various minerals such as nickel, plantinum, gold, in WA where the first Australian loveringite was discovered and also where much of Australia's most productive mines exist at Yilgarn, Pilbara, Kimberlies, Kambalda etc. These mafics are filled with magma and are known to come from depths ranging from 50 to 1.5 kms AND they contain massive mineral wealth in a number of locations.

My geology skills are pretty basic but the exploration that MKY is into is very blue sky with IMHO very substantial upside. They have already located a substantial area that is covered in very high grade u samples and have already located thru shallow trenching a mineralized u system. No-one knows how big or deep this system or systems are AND they have identified a number of other areas that contain loveringite that sets off a scintillometer. Your typical broker geo is going to stay well clear of this type of endeavor because of its "pioneeering nature". The selloff in MKY was very emotional and solely based on the fact that much of what was stated in the recent PR was very unusual.

I was very dissappointed with the way the material was presented and have relayed my thoughts to management. This discussion is currently ongoing, but more about that later (in a few days). Good luck to all longs.