MKO 0.00% 7.0¢ metaliko resources limited

due for a rerate, page-48

  1. 1,204 Posts.
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    Nathan, I think you have misinterpreted my post. I was not trying to compare MKO with PRE. I was pointing to the fact that although some are promoting the assays as being admirable I don't necessarily think they indicate a profitably mineable resource currently. They are at best promising but imo average.
    For example:
    You posted some deep drill assays from Anthill-
    * 38m @ 1.93g/t Au from 52m
    * 49m @ 1.23g/t Au from 107m
    * 32m @ 1.81g/t Au from 89m
    * 24m @ 1.53g/t Au from 50m
    * 6m @ 6.06g/t Au from 40m
    * 15m @ 2.34g/t Au from 46m
    * 21m @ 1.64g/t Au from 36m
    * 20m @ 1.52g/t Au from 94m
    * 19m @ 1.47g/t Au from 49m
    * 11m @ 2.33g/t Au from 89m
    The strip ratio required to access this ore would make it barely viable to mine, perhaps not viable. Until they drill at another angle the width of the orebody is just guesswork.
    I don't think MKO is a dog and I think the management team is good but they can't magically make grade appear! I hold DRA and think it is undervalued at its current cap so I do respect the team at MKO.
    What I do think is that there has been some..........over exhuberant posting on this stock and just wanted to give another perspective, that's all.
    I wouldn't buy PRE with someone elses money!!
 
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