buying pressure like this must be news soon, page-26

your right tarecq.

ill be happy when mgk is consistently trading 10 million plus volume every day. and at 2 cents a share that's not much money going thru at that volume either. there is nothing special about current volume - yet , and past spikes have resulted in massive sell offs. as they were trench samples not 50 or so meters of core drilling results.

mgk will continue in its sideways path until they drill. it may go up or down a little and will be dumped on a spike no doubt.drilling contract will add support. more granted leases will help as would joint ventures or drilling results from right next door say on the other side of a boundary of our leases

ive done a lot of research in the past , and of late there is not that much NEW news , and roy has filled the the boards with past trench samples only since.

i have previously posted on triple plate junction leases on manus island and pac rim energy lease there.
http://www.tpjunction.com/template.php?menuid=29

mgk lease page 93/108 of announcements 01/09/2010



people on GOA thread did not even know of or mention triple plate junction there when there jv's happened, there crater mountain jv parter did deals with newmont and newcrest on their other png leases tpj soared on that news. i dont see the goa price soaring either and they have a swag of stock + options on issue and convertibles notes as well. and massive ! amount of unlisted options . that is putting huge pressure on the share price

would you say goa have nothing? they have drill results and are capped higher than mgk.....

we all know about the jv ventures next to the mgk new britain leases, next to coppermoly, and frontier and also next to lease applications from indochine (thanks john435)

im not aware of a company that has leases right next to poi, domara or golden peak, and other leases on
latangai island not including simberi & lihir

that would be the best research to be found if there was any i have not sound such information to date. there is no operating mine on new ireland, how ever recent news suggests support for a gold processing plant on mainland new ireland


the mount suckling project is the closest project i can see to poi
http://www.papuanpreciousmetals.com/project-mtsuckling.html

and hanover project which is nw of new ireland . http://www.papuanpreciousmetals.com/project-newhanover.html

still these are a fair way from mgk projects.


lets not forget , a few leases are still under application. until they are granted that will not be factored in to the sp, otherwise it would be or is now making the share price the same as it is now.


last year there was a oil company to be floated that had a oil lease covering part of the iron sands project im not sure what happened to that company and or lease

.............