One would have to look far and wide to see any Uranium grade...

One would have to look far and wide to see any Uranium grade results and/or assays even come close to .475% (top end), be it just one sample or one hundred.
And the average grade of all samples covered in yesterdays MKY announcement, being in excess of a collective .2%, gives even greater optimism and key signs as to what lay ahead for MKY.
Apart from the rare and really big discoveries such as a Yeleerie, and possibly one or two others, Uranium Grades like that are just unheard of, in any shape, manner or form - be it in initial or advanced exporation.
I wouldn't focus too much on the MKY exploration methodology at this point in time - I'm sure the geologist concerned knows exactly what he is doing, and where its ultimately leading, as he is a World Renowned expert in the field.
For example and in simple terms, the idea of taking stream sediment samples and such like is not with the view to start drilling into the next available creek for Uranium, as some uninformed and unknowledgable posters would have us believe.
As with any Uranium discovery, the trick is (if possible, and if your totally serious and dedicated about your exploration) to ideally find the source of the Uranium responsible for the initial shows. That is where you'd want to set up a/the mine!
My personal hunch is that they are already on to it - hence the need to have the additional and adjoining tenements officially approved prior to revealing all to the market. Obviously if one was on to a 'good' thing, you couldn't/shouldn't/wouldn't be saying too much until it was all locked away first, would you?
That said, it should be noted that these further tenement approvals are now imminently due - game on.
If you really want to understand where this story is leading us, go back to where it all began for MKY and read up on the mineralisation, history and geology of the tenements, existing and proposed.
It is indeed very similar to that of Mulga Rock, and that indeed has proved to be a major host of High Grade Uranium in massive proportions through previous and proven exploration and analysis.
Again, if you read the details and requirements of Allan Bloods personal performance hurdle incentive package, you would be totally aware, as I am, that Allan Blood gets nothing, absolutely zip - if this story does not go to plan, indeed eventuate, and prove-up to the MKY Board's stated targets, and all stringent requirements being met.
At this point in time, Allan Blood does not own a share in MKY, not one. It's all before him in the shape of the stated 'dangling carrot', and yes its a big reward, and so it should be.
We all know his history, and we're all aware that he is a very smart and well connected man. Let me ask, would anyone out there commit their heart, body, soul and livelihood to such a challenging and onerous performance hurdle package, if you didn't ALREADY have the nouse, knowledge and tenements history, thus ensuring and knowing the chances of attaining that target package was very likely to succeed - almost a given you might say?
And the whole deal involving the aquisition of Queensland Uranium Pty Ltd (Allan Blood) has yet to be approved by the shareholders - does anyone out there doubt for one minute that when the shareholders get brought up to date, prior to the vote at the AGM, that they will be left in any doubt as to MKY's Uranium prospects and/or whether to proceed?
I don't!

Todays market action suggest that its trying to stabilise, trying to find a level, but it won't sit at any level for too long IMO.
There is simply too much good news just around the corner, and the market is gradually waking up to it.
Some people got in way too early, when the market and stock got ahead of itself, and they paid too much for too little information. They are now the ones off-loading because now all they know is that they are losing money on what they paid, and they've lost focus on the real story - simply because they didn't know the real story back then. But there is now plenty of buyers who know now is the time (with the benefit of the latest information), and they will gladly accomodate any and all sellers, until the next leg up in due course.
The clock is ticking on this one, and I look forward to watching it all take place from here on in.
*As a side-note, I first got into AGS years ago in the .11c -.22c range and I had all the 'experts' along the way telling me it was a dud, and that I should buy this, or I should buy that - even my own broker tried to dissuede me as to its future prospects ("$2 p/s one day? Your dreaming!". All the games, all the tricks, all the cons Blah, Blah, Blah ........... you all know the drill.
I've gained a lot of knowledge and nouse about Uranium and Uranium stocks over the years, and I can tell you, for what it's worth - the MKY story shows a lot of promise, and anything is possible in the short term as the story unfolds further.
If you believe in the stock and/or the story, ignore any unsubstantiated negativity, crass or unfounded remarks along the way, with this or any other stock - until proven officially and conclusively otherwise.



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