Searle did exactly what he is trying to do with MKO when he managed and brought DRA into production. He went into a near term development opportunity and built a mine by delineating resources and keeping share dilution to a minimum.
He said DRA would have "a significant first-mover advantage and had the opportunity to discover additional resources because it was in close proximity to the Svartliden treatment plant". DRA had also identified 15 geophysical targets analogous to their Svartliden deposit close to the project site. Now does that sound familiar...
DRA sits above 110 million in market cap now..
Stick to proven management..one can have a great resource but can have terrible management. Or vice versa...
At the moment, MKO sits at about 14 million in market cap and have way better tenements and multiple flagship projects.
Will be an interesting 6 months with newsflow...when the general market takes hold of this, the sp will be much more higher in my opinion.
MKO Price at posting:
24.5¢ Sentiment: ST Buy Disclosure: Held