Do you honestly think the rise of MHC is based or heavily contributed by the Uranium asset that is located in a state that has banned any sort of production?
Any ramping that was related to the Uranium asset would have likely been used for twitter pumpers to place MHC on the map for potential holders/interested party's to conduct their research into MHC. IMO, it merely served as a marketing instrument for attraction.
The geological setting is highly similar to the Fosterville deposit with expertise stepping on the BOD, who have the capital market connections etc. BOD have been driving Tibooburra for YEARS, followed by this vend due to their confidence in their theory & analysis of the fault which plays the key role in the gold emplacement. Any peer junior with this potential nearly automatically rerates to the according R&R that values the project. See KZR who recently had the cornerstone from Sprott.
KZR market cap = 73mil @ 60c with similar geology. Yes, their cash position is very different to ours but the principle remains as Sprott saw the investment opp @ 40c.
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