crazy valuation!, page-6

ScottJ,
not able to do any valuation as i have no idea on strip ratios, opex costs, resource numbers etc. I will have an idea in a week or two when resource numbers get released.

However, what i do know is that it is a Mine, Truck, Treat operation on both projects and as such capex should be minimal. Since both are on historic mining camps, roads and access to the deposits are good. Majors around their tenements have treating facilities that MKO can tie up. Its just a basic extraction/treating operation.

If you are needing something more substantial to read, have a look below at the link provided. What i am simply stating is that i am surprised that MKO has an enterprise value of circa $4 million for those drill results on both projects.

I ask for anyone to have a logical argument with me on that.

http://www.internationalresourcejournal.com/resource_in_action/march_11/metaliko_resources_limited_mapping_out_project_success.html