MKO 0.00% 7.0¢ metaliko resources limited

20%+ in less tham 60 mins, page-6

  1. 3,351 Posts.
    s8,
    bought AUC at 25cps and sold at 80cps. The realised how stupid i was and bought back in at 95cps and have been building my position to the current 155cps.

    I will NOT make the mistake again and trust my due diligence. MKO's hits are looking comparable to AUC. But we will need to see more consistent drill hits at depth to have a true understanding of the orebody. But the difference between AUC and MKO is that no infrastructure capital is needed for MKO. They have mills around the area to treat off and its just a simple open pit operation. Furthermore, they have another deposit discovered with higher grades of gold [i.e. Goongarrie[ and also sit next adjacent huge gold oresystems held by majors.

    How can a company still sit below 25 million market cap with those numbers is baffling to me. But then again, i might just be too bullish on precious metals plays....

    Gold and silver both up now.
 
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Currently unlisted public company.

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