Drill results comparison

I must say I don’t always fully understand the market. KBL releases these drill results and the share price hardly moves:

• * 42.7m at 2.5% Cu, 18.7% Pb, 10.3% Zn, 132g/t Ag & 1.4g/t Au from 150m, (KUSOZ053) including 25m at 3.1% Cu, 26.8% Pb, 13.3% Zn, 183g/t Ag & 0.9g/t Au from 152m

Today, MEP released these drill results and doubles in value to $40m market cap

• * Assays return 22m @ 3.0% copper, 3.8 g/t gold, 112 g/t silver and 6.6% zinc from 157m to 179m (downhole intercept). Includes a higher grade interval of 9m @ 5.2% copper, 7.9 g/t gold, 181 g/t silver and 10.2% zinc from 167 to 176m (downhole intercept).

KBL’s results are near existing workings at a profitable working mine whereas MEP is a single hole and not exactly shallow. Sometimes it seems the potential to find something can be worth more than actually mining something decent.

This is not meant to play down the potential of MEP (I hold both, although more KBL). Just a comment to say I can’t always see the value comparison that sentiment sometimes brings to the share price.

Goodluck to holders of both.