High market cap and EV relative to peers. No production announced but was expected 9 months ago Managment lack technical experience Is in a State that is not miner friendly Is in a state where going on the track record of other recent miners it is likely to fail. Difficult seems to work as they are sub vertical benches which prevents or makes difficult cut and fill mining
I will possibly be buying when the cap is around $15M The only 2 cases I see for MCO is firstly the intangible in that I have enjoyed reading this forum to date as there have been a bunch of knowlegeable posters who I have learnt from I just think they are misguided backing MCO. The second case is the historical high grade which should continue with new mining.
MCO Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
