Can't blame MK for wanting to capitalise on the gold price. AF capitalised on FE and JG capitalised on phoshate. Just that MK picked the wrong mineral and project. Still think that geologist have some questions to answer. JORC is meant to prevent unsubstantiated claims, if MK b#s then geo should not sign off, unless MK himself is the geo and signed it off.
Agree that wages and oil have increased the OPEX and marginal projects will be uneconomical and the market has noted that and SP slipped since the first gold pour. Still the grade is 1/2 of JORC.
But I do agree on one point, MK sold a marginal project to the public and I can say this would not be the last. Many aspiring projects have grade of less than 2g/t. Should an investor take some responsibility as well?
My opinion only.
MON Price at posting:
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