Anyways, I forgot to include Goongarrie in my above estimate.
Here's what I'm thinking a bit more extensively.
Let's use AUC as a yardstick.
AUC is hitting similar intervals as MKO, but at about a 100% higher grade.
AUC has a 0.9kmm^2 anomaly, while MKO's two tenements combined are about 0.5km^2.
So on purely geological terms, MKO should be about 25% of the value of AUC, but instead MKO has an EV of around $8M, while AUC is sitting up there around the $100M mark.
MKO has the fundamental value to spike up to the 40-50 cent level post-JORC, but it will all come down to what the market thinks.
For what it's worth, I'm estimating
@ Anthill: 35,000oz @ Goongarrie: 50,000oz
MKO Price at posting:
20.5¢ Sentiment: None Disclosure: Held
