People have surely missed what's going on here. They have the old bronzewing plant worth 80 million, only needs 2 million spent on it to be fully operational. Our MD is now in control of EAR and their beautiful high grade resource but still needs a JORC. (check the very high grade results going to be over a 4gt deposit). Merger has to be coming this year.
With NAV the problem was the low grade and cowboys running the show. Last year MKO did 10000m of drilling and a resource and grade upgrade is due this quarter. The geologist at MKO is one of the best around.
Next year they will be producing no debt and not to mention all the other deposits that will want MKO to toll treat, they can name there price if gold price holds here and will have the high grade EAR resource plus all the work they are doing now upgrading all the deposits.
Those who missed getting on BLK early enough don't miss out on MKO they are about 10 months behind. The top 20 hold 90%. They took most of the recent raising and shortfall and both directors have been buying on the market. They won't be selling so everything with a 12 month view can see a massive rerating on the way.
Do your research its very impressive and see what just happened with EAR and old directors getting the sack as MKO move in.
Not buying EAR yet as old director holds over 20million shares and could dump, MKO needs to be rerated to 10-20c.
MKO Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
