Additionally, it is important to understand what sets MKO apart from most other juniors in the gold sector. That is in costs benefits and quick cashflow.
The biggest thing at the moment around the world of mining, is that infrastructure costs are heading up. Costs such as for roads, buildings, ball mills, fuel, electricity are all surging upwards...
To be successful in the current climate, management will need to understand and adopt the need to incorporate cost savings in every aspect of their exploration - delineation - production cycle.
There is also need to focus on brownfield camps and bring new geological thinking and thus apply that to the camps. Modeling the mineralisation and structural systems around their projects and beyond are going to be crucial for long term viability.
MKO's numbers on their drill hits are really good and show consistency across depth and strike. Barrick and Placer had already identified a anomaly with a 500m strike length and depth below 200m. I think that the next few weeks are going to get interesting with the following on Anthill...
=================================
- Metaliko intends to have a first resource statement for Anthill in the second Quarter of 2011.
- In addition to the MTT potential at Anthill, there is also significant discovery potential with several untested soil anomalies and the possibility of structural repetition of the Anthill mineralisation. Broader scale exploration on the Anthill Project area is ongoing.
================================
MKO Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
