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.
MKG Price at posting:
4.1¢ Sentiment: None Disclosure: Held
