Things should get interesting once 25 is cleared.:
Metaliko Resources Limited: MKO The initial JORC resource announcement was delayed by a few weeks due to the availability of a consultant however an announcement must now be close. Given the small market capitalisation of this stock I expect that a decent sized initial resource announcement will have a substantial impact on the market capitalisation of MKO (currently $18.6m fully diluted). The timing for the resource estimate for the Anthill and Goongarrie Gold Projects now expected before the end of April. As posted previously based on the grades and widths of drilling results announced to date I expect the resource to be significant for a company of MKO's size. News Due: Initial resource calculations for the Anthill and Goongarrie mineralization. Interpretation of the 11,000 line kilometres of high resolution aeromagnetic surveys conducted in February. Details of further drilling programs at the company's gold projects. Price Target: There is resistance at 24.5 cents and to a lesser extent at 25 cents. A clear break of 25 cent son volume gives a target of 35.5 cents. Disclosure: Holding MKO
MKO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held