They're a proper exploration company exploring potentially one of the last great frontiers of greenstone belts. A lot of similar market capped companies in more heavily drilled terranes such as WA are simply repackaging older projects.
This isn't to say that heavily drilled means properly explored, as there are certainly orebodies hiding within data sets. However the attraction of greenfields projects is the potential to make large discoveries (>3.0M oz), and that you're only ever one hole away from the next bonanza grade result. This is provided the company is well run and develops a good understanding geologically of their project. In MKG's case I think they tick these boxes.
Ann: $10m Placement Completed and 45,000m Drill Program Commenced, page-15
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