FSE 508 mt x .55 = 280 mt++ in one of two tennaments for a fully dilluted mc of 50-60 mill. MC/IGR = 55/280=0.2
MRK nearology only, no drills, but estimate of 120-240 x.3 = 40-80 mt for a fully dilluted mc of 28 mill (560x.05) say 60mt.??? MC/IGR? = 28/60 = .47?
On first glance MRK it is inferior to FSE or CDS (CDS with new .7x740=518mt + aus)
Until drills prove, as noted by other posters, is the certainty that CDS or FSE offers, over speculation.
If you had limited funds to spread, you would choose the stock (same geopolitical risk) with the smallest MC/IGR + certainty of resource.
It is a double wammy in favour of FSE.
However, inferior or not, it may very well deserve a re-rating and be undervalued as well, but will need to drill.
We should remember that FSE are talking 90bill IGV and are grossly undervalued, with re-rating to occur beyond the bear market and progression of project to follow CDS.
So, when they prove up with some drills, would expect to also follow in FSE, CDS shaddows.
It seems as CDS will draft FSE forward, so too, can MRK look forward to FSE drafting it forward as well.
The difference is obviously progress, with FSE probably 12m behind cds, and MRK 12-24 months behind FSE.
It finally comes down to Time money ivestment, and where the emmediate capitol growth will occur, bear excluded.
Hope that helps
cheers
MRK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
