what's re-rated price based on the current exploration state, page-2

Mid-longer term I think looking at the likes of RMS isn't a bad start (180mill Marketcap) all depends if M.R can get the great EAR project ....personal I'd be happy to see scrip 3 MKO shares for every 1 EAR share(valuing EAR round 15c) ...

Then of course raising the funds or taking on some debt (hedge forward production etc) going need 10-15mill to get this moving in the right direction....most likely more (If BOK could get the funds loaned can't see why the likes of MKO-EAR couldn't)

.shouldn't be a hard story to sell to investors 2mtpa plant plus 2-3moz+ high grade resource potential ,,,, $600-$700 per oz profit Margin over AISC ....200-250koz p.a potential (round 4g/t)

so we are talking seriously big cashflows ....120mill + EBIT p.a...... and of course the value will blow the doors of the likes of RMS ...