Ann: Manuka Wonawinta Deeps Proof of Concept Drilling Successful, page-30

Hey mate, honestly, I haven’t bought any of these shares.
It would take a lot to change my mind to buy them now; they would have to have had a phenomenal quarter but if they had, they would have announced it by now. Other producers I was watching that had good news announced it already. Late in the reporting period = bad news.

one could argue that other producers that are making the same amounts of gold have a market cap higher than MKR by a factor of 2 or 3, however, they don’t have debt they can’t pay back. The market finds the price in the end.