Good chance of that for sure. But why not the oil project in the same spot? I think it always comes down to greasing enough wheels and knowing the right people. The NZ economy is looking like trash so that works in favour of increasing economic activity.
And agree in general about risk being added on risk. On the opposite side of risk is reward though, MKR has gone from a chance at $3-4 with good silver prices to who really knows now if both projects work out. And from current share price it isn't like investors are buying at the top. If MKR could get reliable revenue from iron ore it wouldn't need high PM prices to fully explore their many claims around COBAR. But I suspect we will be seeing much higher PM before the iron sands revenue is hitting anyhow.
I believe Eggers like every man wants to run a precious metals company, or at least be part of one. And he chose one with lots of growth when it comes to claims. And like me he may know more than most about 1 or 2 of them.
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