Yes, the long term is looking good for MKG. Unfortunately, MKG was quick to follow XGD on the way down but it's taking a long time to follow XGD on the way up. Liquidity has also been an issue with small sales driving the share price down. And many potential buyers want the cap raise out of the way.
They currently have 868k (at 1.2gr) shallow resource, which can be expanded both horizontally and vertically. With the new identified targets, they want to add ounces from new targets first. The MD is hoping to increase the resource to 1.5 million ounces by the end of this year, and to 2.5-3 million ounces by the end of next year. He is saying 2 million ounces will be enough to develop a mine (the link to the interview is below which was published around 2 months ago). They seem to be following the footsteps of TIE which is also located in the same country with a market cap of $851 million.
- Forums
- ASX - By Stock
- MKG
- Ann: Brisbane Mining Conference Presentation
Ann: Brisbane Mining Conference Presentation, page-25
Featured News
Add MKG (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
0.001(2.94%) |
Mkt cap ! $17.26M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.8¢ | $4.971K | 282.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 4722547 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 3631101 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 4722547 | 0.017 |
3 | 1155000 | 0.016 |
6 | 3475768 | 0.015 |
2 | 700000 | 0.014 |
1 | 230769 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 3631101 | 6 |
0.019 | 1744444 | 6 |
0.020 | 1195873 | 2 |
0.021 | 1110400 | 3 |
0.022 | 208182 | 2 |
Last trade - 11.28am 08/11/2024 (20 minute delay) ? |
Featured News
MKG (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online