So just as DOM was once in MCO's thongs , MCO may one day hope to find itself in DOM's shoes.
The considerations .. MCO has 20x more upside... maybe even 50x more upside... but obviously carries more risk... mainly development risk. DOM has hit its straps and is producing a good profit probably running at $50 mill per annum (at today's gold price), with $50 mill in the bank.
However .. I'm confident that MCO will end up with more resource ozs and a longer mine life than DOM.
2009 is a critical year for MCO - it has to get things right - the risk is in the development side of things and it must get into production over the next 6 months and positive cash flow.
MCO Price at posting:
13.4¢ Sentiment: LT Buy Disclosure: Held