Looks like I'm not the only one happy to buy in the mid 2's .....this sleeper will awaken soon enough ...was great to talk with the MD recently ...can see why he holds such a large position ..
It's very simple MKO has the monster plant that if they can secure or discover some decent grade 2g/t+ tonnages they will produce round 110koz p.a (working on 2g/t av 90% recoveries)...
..Much unlike many micro-cap explorers that have a decent enough resource base they don't have the plant or access to funding 100mill+ to build a large plant ....so they usually toll treat or build a much smaller 150koz-300koz which ends up breaking even to running at a loss ..in turn they get taken over for penny's in the dollar and generally S/H get shafted ...
..MKO very simply is only minor steps away from a major re-rating in 2016,,, as too why 85%+ of the shares are held by the top20... It's only a matter of time if AUD GOLD stays high and continues higher (likely) MKO will be taken-over or have a toll treatment J.V signed up before the years out
MKO Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held