Metaliko Resources Limited: MKO The initial resource estimate for the Anthill and Goongarrie Gold Projects is expected to be ready by the end of March (subject to the availability of resource consultants). Given the fact that we are now in the second half of March I expect the level of interest in MKO to increase from now on in the lead up to the release of the initial JORC resource, which I would expect to be substantial based on the widths and grades reported from drilling. News Due: Initial resource calculations for the Anthill and Goongarrie mineralization. Interpretation of the 11,000 line kilometres of high resolution aeromagnetic surveys conducted in February. Details of further drilling programs at the company's gold projects. Price Target: Prices have fallen too far for the pennant to still be in play so the initial target from current levels is for a move back to test the resistance at 24.5-25.0 cents. Disclosure: Holding MKO
MKO Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
