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0.00% 0.9¢ mako gold limited

Ann: Mako Completes 90% Consolidation of Napie Gold Project, page-8

  1. ggwill
    2,786 Posts.
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    23/10/22
    12:54
    Post #: 64344186
    Yes, the story of MKG is similar to TIE. From what I remember form the interviews is that the MD is confident they will increase the resource to multi-million ounces. They need 1.5-2 million ounces to start the scoping study.

    TIE built their resource from 700k ounces
    MKG started with 868k ounces


    TIE's market cap is $761 million; MKG's market cap is $18.7 million. Both located in the same area. Considering the gold sector has been down, TIE did extremely well.

    https://hotcopper.com.au/data/attachments/4773/4773548-7b38fbc494c9bd2e18bf4e69f6726b67.jpg


    MKG Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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