Gold Micro ready to explode, page-92

Well as we know they have been drilling...with results pending.... so yes it would be good to see the funds that come from the lease and if EAR J.V goes ahead next year to continue to drive exploration work

And in turn grow the resource base so once the lease runs out in (if not before) we can at least feed say 1-1.3mpta though the plant ...(with EAR making up the other 1-1.3mtpa) then you could see MKO command a market cap in the hundreds of millions

IMHO I wouldn't be surprised to see MKO a twenty bagger if they can prove up a good Moz+ resource and not have to dilute S/H value down the river like most Gold miners do....along with a long term JV with EAR

the numbers to get to say a $1 SP would be along the lines of ....MKO (600koz gold reserve base) ore feed 1.3mtpa x 1.8g/t- 95% recoveries = 71,200oz p.a .... $900ish AISC ($1800oz AUD) --EBIT - 64mill

long term 10yr EAR J/V - 1mtpa X 2g/t -95% recoveries =61,ooooz pa 109.8 million gross less MKO plant charge $20 per ton(20mill) --$89.8m - (MKO toll treatment cut ? just pure low ball 6million EBIT to MKO)

Now Successive Aussie Gold producers are always valued at a much higher than P/E than africa/South America/Asian etc ...at worst we would have a P/E of 10 (using Mine Reserves + EBIT) so 10yrs x 70mill
= Market cap 700million