Well they've got the plant.2mtpa(a good size plant) .... now they just need some decent ore to feed it
Yes at only 17mill if they can discover a decent 600-700koz mid grade 2g/t resource(or more likely many smaller near surface 40-60koz pits) nearby giving say 150-200koz reserve .. 2.5yr life
.diesel costs down much lower than when NAV operated and if the mining isn't as deep ...add in some toll treating ore ... and of course 3-4 profitable Qtrs ----Rough est-$1200 AISC - $1600oz av sales ...even just 20koz a Qtr = 8mill EBIT per Qtr x 10 Qtrs = 80mill EBIT ....
Going from the likes of the once very unloved- RMS.asx 1.7mtpa 420koz reserve ...at present E.V-70mill(with valuations EV-160mill) Depending on many factors but MKO could well double just on a decent size resource ....then if all goes to plan E.V 100mill+ within a year of successive production etc (15-20c)
MKO could well be the Sleeper that comes back to life right at the right time aka ... a Gold Bull market 2016-2020+ IMHO
MKO Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
