3000 AUD gold is certainly helping to make this a very easy...

3000 AUD gold is certainly helping to make this a very easy choice for them, compared with the ~2200 they were getting before. With BRICs gaining momentum every month it is a solid signal that these types of gold prices or higher are here to stay. MKR just have to get the material, clearly they can process it fairly well but if they don't have material then the same problems will return. But they do say they believe they can do something similar as now for 3-4 years. If true it would fund all the drilling needed to make them one of the larger players in the COBAR region, let alone what happens with the massive iron sands project.

With hindsight shifting to silver shouldn't have happened. The silver price move didn't happen, its a new material for them to 'understand' ,etc, and they wasted a lot of money they didn't really have with that experiment. As much as that is what they lined out in the IPO and attracted much attention, there is a time for everything. Thankfully they have these fallback options like Mt Boppy. Still early days but it is quite positive news.