Experience dictates that a rerate tends to catch most napping...MKO being in the gold sector ensures that i sleep well too. Any huge upside overnight will cause investors to flock to the gold bullion and corresponding juniors.
Meanwhile, gold is now consolidating above $1400/ounce...who would have thought that it would ever reach that number last year? Yet the media is still not telling the public about this...silver has more than doubled but not a peep by them. It just goes to show how manipulated the media is. The facts of investing in precious metals speak for itself.
Now the very people who called that move to the upside are indicating a gold price of $5000/ounce and above...if that figure hits, i would shudder to think what the gold juniors would be worth. Of course, input costs will also change but the profit margins will still be tremendous.
We have a long way to go with MKO. My opinion is that if things pan out accordingly, we will see the next AUC. Similar share structure, treasury and initial project results with sound management at the helm.
MKO Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held