Makamint, i have both in my portfolio but i favor MKO for a near term rerate to 40cps. CVE is a great buy for a medium term hold...
I have trouble believing that the market will not pick up on those huge hits of gold showing consistent mineralisation over the course of both tenement projects. With gold and silver juniors on everyone's watchlist, its surprising this slipped through.
That 1.5m overhang will disappear in quicktime. MKO cannot seriously be valued at less than 13 million with approx 4.3 million bank and those underlying assets. I have sent an email to James in relation to Bullabulling and Goongarrie and their near term plans. No reply as yet...but it was indicated in their reports that they are busy focusing on getting a resource number out in the next three weeks or so.
MKO Price at posting:
21.5¢ Sentiment: ST Buy Disclosure: Held