A Lassonde reference is just shifting the goalposts of your original comments.
It's all relative. Whether you're a micro cap or large cap, a rising tide (higher POG) will lift all boats. Just because Mako can't "immediately leverage off it" (like every other explorer) doesn't mean it's irrelevant to its valuation.
African discount is once again relative and a seperate issue entirely. If Mako's tenements were located in WA, I'm sure MKG would be trading above a $12m cap. But Côte d’Ivoire is one of the best (if not the best) African country for investment. Way better than Burkina Faso or Sudan.
I'm happy to watch from the sidelines for now. I think the cash burn rate is too high and a raise will come at bottom of the cycle prices which is never good for a company. But if you're bullish on gold for 2024 and beyond, these are the type of companies you buy for leveraged returns.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.784M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.8¢ | $67.73K | 7.540M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 164523 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 437800 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 3496995 | 0.008 |
8 | 2579500 | 0.007 |
2 | 749950 | 0.006 |
2 | 500000 | 0.005 |
1 | 200000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 437800 | 3 |
0.012 | 379000 | 3 |
0.013 | 2819980 | 9 |
0.014 | 2861096 | 6 |
0.015 | 6493214 | 6 |
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