Simply EAR is being priced as they already have 1moz resource ...(yet they don't even have a resource as large as MKO) .....
personal if the merger goes ahead I bet we will not see the new EAR command a 80mill marketcap ...unless we see a Higher AUD Gold price.... BE deal .... EAR upgrading JORC much higher ...higher grade drill results and we will see the value go past 80mill ,,,,,
Very likely will see a Major Cap raising ......or will instos get a huge discount ,,,,?
MKO Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held