Going to stick my neck out here. Let's see how it goes.
Assuming the market values the resource at $100 per ounce (would be reasonable as production wouldn't be too far away), and that the rest of MKO's tenements are worth about $4M in EV, I would be predicting something along the lines of...
60k ounce resource - 22cents per share
80k ounce resource - 25cents per share
100k ounce resource - 28cents per share
150k ounce resource - 33cents per share
As I have said, I'm thinking somewhere between 80k and 100k ounces is realistic, but Aksier's higher target wouldn't be too far from reality if they can get the grade above 2g/t.
MKO Price at posting:
22.5¢ Sentiment: None Disclosure: Held
