bonanza agm part 2

Ok, part 2. I'm feed and refreshed. They did have food and drink but was keen to get back and post a short response about agm.

20cents is the short term target for sure.

JV's - From the meeting i've come to the conclusion this project is far-far to big for mky alone. Allan said " we are in meaningful JV talks with a large number of companies" One of which is Toro energy, another is a company with a number of projects in Africa. (does anyone know of African uranium companies, I assume it's Australian based) We will get notice of JV partner THIS YEAR. Any jv will see mky get at LEAST 50% when the project comes into operation.

Time line:-

i) Expected bonanza grade essays from 5 trenches 1-3 weeks.

ii) Expected JV with the highest bidding and best placed company to come by end of year.

iii) Drilling after wet season. March onwards. This has happened due to lenght of time the lab has taken. I DON'T see this as a problem as the market has essay results and jv news to come. Those 2 bits of news alone are substantial to see the company through to march.

Other stuff:-

They have 3 geo's working for them, Rob Brian & Andrew Winn, sorry I write to slow didn't get name of 3rd.
Drill rigs better placed for work next year.
Have found gold 37.4g/Au (pan concentrates) (first time I've heard a GM dismiss this sort of grade as chicken feed compared to what they are targeting in uranium lol)

Imo I see sp go higher from now until mid Jan. Then down until mid year. So if you are short term your get good news soon. If your long your have to ride a wave or 2 until taking those 500% profits. Remember mky target atLEAST 20c by next agm.

feed back please, it was worth the long trip from Brisbane. Any questions as there's proberly some stuff still stuck in the grey matter.