A great announcement for what is almost a microcap with an E/V of around $11m.
I wonder if MKG can secure any more tenements to the North/South of the discoveries?
MKG continue to make it very clear that this discovery is not going to sideline the gold focus, though I see no reason not to spend a small % of the overall budget on further proving up this discovery. The drilling is only to 50m. I would love to see them do a few more rounds of similarly spaced drilling, to see just how far it extends, then bring in a J/V, or sell it to one of the 4 producers already in country (privately owned).
It will indeed be interesting to see what the 'market' thinks, but... in the short term, MKG are not going to lose their head on this.
Just progress it like their other assets and for me, it's just an added bonus of value.
Good luck to all holders.
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- Ann: Significant Manganese Discovery Confirmed at Korhogo
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