AKN 4.55% 2.1¢ auking mining limited

Koongie Park is remarkably similar the Golden Grove deposit...

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    Koongie Park is remarkably similar the Golden Grove deposit which is also in WA.Both Polymetallic VMS style deposits.
    VMS deposits are typically clustered.With AKN,s 500 square kilometer tenure over the area I think the bases are covered there.
    As a peer comparison I would invite readers to compare the MC to TEM MC $73mill based on a "nearology" play.
    TEM recently encountered semi-massive sulphides at 400 and 600mtres.They recently presented photo's of these sections which look impressive,but I would suggest the assays are likely to be underwhelming.No doubt Capital will be raised and investors will likely be burnt.
    This begs the question on where investors see AKN,with proven resources and explorational upside as the true value play here.
    AKN has an EV of 13-13.5 mill.
 
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