MKO 0.00% 7.0¢ metaliko resources limited

well EAR is 18.4mill Vs MKO 25.1mill .... personal as a holder...

  1. 6,287 Posts.
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    well EAR is 18.4mill Vs MKO 25.1mill .... personal as a holder of the latter I'd rather see a Toll treatment deal....

    EAR continues exploration proves up a mineable resource 200koz+ au JORC reserve,, takes to Pre-feasibility level $$$ then we can talk J.V deal aka something along the lines of MKO funds all mining+transport+plant running costs then 50/50 on profit margin etc

    I'd only be keen on merge at this early stage if the deal is very favourable to MKO ....as we have the 2.3mtpa Plant +Camp+airfield+roading+power+270koz au resource+700kmsq
    ...At this stage EAR has some high grade drill results ? with Zero JORC

    For me MKO massive advantage is being able to toll treat stranded resources nearby as we are in the heart of the Eastern Gold fields where 30% of the worlds Gold reserves are located..why dilute so much for just good drill results and take on the costs to drill ?

    For sure the likes of RMS kathleen valley project will be toll treated at BZ once the high grade parts have been mined out ,,,,
 
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