MKO 0.00% 7.0¢ metaliko resources limited

nice turnaround, page-2

  1. 3,351 Posts.
    Mike,
    in my opinion, MKO provides the best opportunity for a multi-bagger. They are close to existing operations, sit on historical ore-bodies that were economical at $300/ounce gold prices and have treatment plants in close proximity to their mineralisation. With James searle at the helm, this is all about drinking upstream from the herd.

    Market cap is currently below 13 million with close to 5 million in the treasury!!! That would equate an enterprise value of next to nothing for their dataset and recent hits. Projects were drilled by Barrick and Goldfields and found to have gold orebodies but never drilled below 35 meters. The Anthill prospect itself has hit gold greater than 1.0g/t on all 21 drill holes! With gold and silver hitting new highs over the weekend and substantial newsflow on the way, its only a matter of time before the herd comes in to take positions.

    Best to accumulate and sit tight in my opinion.

    =====================

    Current positions in OZ

    Silver - SVL
    Rare Earths - LYC
    Gold - AUC, MKO, CVE
    Potash/Phosphate - MNB
    Base metals - OVR
 
watchlist Created with Sketch. Add MKO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.