re: Ann: Metaliko to Progress Mine, Truck, Tr...
I picked out twenty gold explorers at random, and compared how much the market is prepared to pay for each.
A few observations...
* At 14.5cents, MKO ranks as the 4th cheapest. * At a price of $50/oz, MKO would be trading at 18cents. * At a price of $100/oz, MKO would be trading at 33cents. * Two companies with a resource of a similar size to MKO are being valued at approximately $150/oz, while MKO is being priced at $33/oz. * If MKO was valued by the market similarly to GBZ and CDT (~$150/oz), MKO would be trading at 48cents.
Bottom line, this is very cheap under 20cents, and we have plenty of other tenements in the area to add to our current resource!
MKO Price at posting:
14.5¢ Sentiment: None Disclosure: Held
