ibuybulion, it is extremely tightly held. Anyone who knows anything about drill results and the importance of containing infrastructure costs, can see the rerate coming. I have trouble even believing that their market cap sits at these ridiculous levels for a Gold Junior with over 4 million cash in their treasury. How many other gold juniors have this much money and low overhead costs sitting on so many great brownfield and greenfield projects?
James Searle built Dragon mining to its current market cap on less prospective projects in Sweden. This time around, i see him going one up on these tenements. Stick to proven management who have got skin in the game [among other things].
I have been accumulating too...
MKO Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
