Beats me mate...but i am happy to accumulate this significantly undervalued gold junior with proven hits in gold. Most other juniors with moose pastures and rock/chip/channel sampling are valued above 50 million in market cap!
I guess that is where the knowledgeable investors make the serious money...however, it is rare to see this in a sector [i.e. gold] that is having a major rerate from $235/ounce to $1420/ounce!
We are entering the major PACMAN phase in the precious metal sector. Watch for the majors start buying into juniors and mid-tier plays that sit adjacent to their operating mines. Buyouts such as those will increase their resources and keep them churning out at low cash costs to the spot markets...we have already started seeing this with recent acquisitions of Redback Mining, Fronteer, Underworld resources etc....
I personally see MKO at 40cps real soon....approx 55 million shares on issue and held tightly.
MKO Price at posting:
24.5¢ Sentiment: ST Buy Disclosure: Held