Maybe yes; hopefully no. Market perception says yes. Whilst people say the market is always right - it is always right in the same way as your wife is always right - even when theyre wrong.
The fact is that this is a junior miner, does not have runs on the board (altho they appear to be meeting the objectives they have set themseleves) and just in case you haven't noticed - the market has been very risk adverse as of late. So it could be a dog and it could be a multibagger.
This will be significantly derisked if & when we get the MTT projects get to production with gold prices around current levels (and with significant upside potential from Bullabulling, Windanya etc).
Just be a little patient & hopefully will come to fruition.
W2W
MKO Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held