I like Mako Gold and decided to make my first purchase...

I like Mako Gold and decided to make my first purchase today.

~850,000 Oz of what seems to be fairly shallow gold reserves, and a team set up and on the ground in Bukina Faso, it looks to be a nice drill story.

However, ~35% is inferred which I do not like.

They do not spend too much on staff costs, and I expect at least 65% of the $2.6M raise to go towards further drilling and upgrading the JORC 2012 measure and indicated resource.

They have 2 early exploration properties. Napie in Cote d'Ivorie is a significant discovery with excellent recent drill holes. It has a substantial target area with a 15-mile strike.

Downside is this is a high-risk spec stock and will likely require a lot of share dilution for further share placements.

At ~400M shares FD I'm cautious, I was always taught to be cautious, but if they can maximise the use of the $2.6M placement, and upgrade the JORC to 2M Oz Au., and or equiv., growing actual and indicated then this will be a big win for the company and shareholders.

At the same time its a gold miners wet dream, West African Gold, shallow depths, low mine costs...

It could be a big mine.

At present the resource size is up to 850,000 oz at 1.2 gpt and is growing in size.

They have another project (Tangora) in Burkina Faso, but Napie appears to be their focus.