I think the market have missed the significance of the recent AC assay results from MHK. Note any grade over 0.5g/t for AC is considered as significant. See below
Now let's compare this MHK's result to DEG at Hemi in April 2020. Subsequently, DEG tested this mineralization with RC and diamond drilling -which ultimately led DEG to a major discovery at Hemi. One can certainly argue that MHK results looks better than DEG,
Similarly, let's compare MHK to YRL who also made a significant discovery at its Gordan Dam Prospect after following its promising AC results If that is deemed as significant intercepts then MHK's result should scream as HUGE POTENTIAL.
Recall that, a renowned MD/geologist checked MHK's result and said "the one thing I know about gold deposits.... is that majority of the largest Gold mines in WA sit on the edge of a lake". No wonder WSA took a massive interest in MHK.
I firmly believe that September quarter this year is a game changer for MHK with lots of news in the pipeline
1. RC drilling at Kanonwa East for Gold and Nickel
2. AC drilling at Emu Lake for Gold and Nickel
3. AC drilling at Clinker Hill/Blair North for Nickel
4. RC drilling by CHN at Viking Gold
5. AC drilling by WSA at Fraser South
6. Tenement grant for Norseman East
Exciting times ahead and good luck to all!
