MKO 0.00% 7.0¢ metaliko resources limited

due for a rerate, page-41

  1. 1,204 Posts.
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    I fully expect to be howled down over this but read the assay results below:

    31 metres @ 12.68g/t from 20m to 51m (EOH) inc.,
    o 5 metres @ 43.89g/t from 30m to 35m and inc.,
    o 11 metres @ 15.12g/t from 40m to 51m (EOH).
    ? Hole GTRC 160 returned
    o 23 metres @ 5.53g/t from surface to 23m (EOH), inc.,
    o 10 metres @ 12.47g/t from surface to 10m.
    ? Hole GTRC 161 returned
    o 23 metres @ 1.72g/t from surface to 23m (EOH) inc.,
    o 15 metres @ 2.52g/t gold from surface to 10m.
    ? Hole GTRC 167 returned
    o 30 metres @ 2.26g/t from 5m to 35m, inc.,
    o 5 metres @ 12.29g/t gold from 25m to 35m.
    ? 15 metres @ 4.43 g/t gold
    ? 20 metres @ 3.43 g/t gold
    ? 32 metres @ 2.79 g/t gold
    ? 22 metres @ 3.86 g/t gold
    ? 15 metres @ 7.17 g/t gold
    ? 30 metres @ 4.14 g/t gold
    ? 12 metres @ 5.00 g/t gold
    ? 15 metres @ 4.56 g/t gold
    ? 25 metres @ 2.69 g/t gold
    and there are plenty more like them if you care to look.

    These are for a company called Pacrim Energy(PRE). Going by what some say on this forum these are fantastic results but I can tell you they jorced out at 151000oz and over the last 4 years the price has gone from 5c to 0.8c today for a $13mil mkt cap.
    There is nothing remarkable about the MKO assays I can see so far but, of course, further drilling could unearth a viable resource but I wouldn't be getting carried away just yet.
    Sorry to be a contrarian but a lot got burned by PRE, I hope this isn't a repeat!!
 
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