Ann: MKR - September Operations Update, page-5

its not debt its op size and lack of capital market connections

its a small mine - so it struggles during a bear market because its not big enough for an insto to take a core position and ignore the metal price up and down - but not a microcap small enough to attract punter retail en masse

being smaller scale makes it more an option play than a value play - regardless of value of plant


to this point theyve been unable to find the core bidders who;d buy this in volume - so its just going to rely on gold going back into a bull market


which is great if you're a punter willing to take risk because this becomes the first early adoption vehicle for instos if and when PMs do resume a bull market