MKG 11.1% 1.0¢ mako gold limited

Great summary, thank you. One point: I think in order to earn...

  1. 1,023 Posts.
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    Great summary, thank you. One point: I think in order to earn 75% interest in Napie, Mako needs to sole-fund and complete a DFS - see announcement 24 July 2019. Given that they are still pre-maiden resource estimate, IMO there will be a few years and a few dollars and cap raisings (and probably a PFS) between now and this 75% ownership. Not a criticism, just part of the natural life-cycle of a junior. My opinion only, but I'd think they would want to drill out at least 2-2.5 Moz resource before embarking on a DFS, in order to get a reasonable mineable ore reserve.

    I'm holding because of great team, land holding in highly prospective geology and some juicy intercepts near surface already.
    I know some here have expressed their frustration at share price and rate of progress - I would say while drilling is great, you cannot randomly drill out hundreds of square kilometres even in highly prospective ground. Taking time to analyse the results so far and getting a better understanding of the geology and mineralisation gives you a much better chance of success. A junior can run low on money awfully quickly, and having to raise capital on the back of drilling a campaign of dusters wouldn't do the share price much good either. As far as the share price goes, I have a track record of having absolutely no idea where things are heading, so you're better off not listening to me.
 
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