MKO 0.00% 7.0¢ metaliko resources limited

good entry point coming up, page-28

  1. 1,932 Posts.
    Just keep in mind that the results won't be mind blowing. As said by nathan the true value in the results is the expense vs revenue of getting it out of the ground and selling it. From various factors shown above and elsewhere it should be pretty darn cheap to dig it out then wheelbarrow it down to the treatment plant.

    The average grade wont be all that great, however it only needs to be profitable in order for the company to use that money on potentially much bigger gains in the longer term.

    Think of it as a free capital raising without issuing shares for payment of longer term mining. So don't be surprised if the SP doesn't move much on the news, it might start a gradual uptrend as the initial money flow of MKO is de-risked a little.
 
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