Mako Mining (MKO) - A New Beginning and Ready to Pour Gold

Matthew Gordon,
Ptolemy Capital

49:36
4 Months ago

Their Mineral resource numbers came out this week. The market was unsure what to make of them but we see this as a real positive step by the 'new' management team to rectify some of the misstatements of the previous management team. Leisman and the Board are to be commended. They intend to pour the first gold in early Q1/21. The resource is currently small and they are chasing high-grade veins which can be expensive, but they intend to give guidance on costs as they continue to build out their exploration programme. At a projected 40,000oz, Mako's market cap of C$185M is up there and they will need to backfill that with production and increased resource. But we are impressed with the new approach to reporting and now it is up to them to get the mill running at capacity. That will take some time but they know what they are doing, so it will come down to what they find underground.

#Mako Mining Corp. #Gold #TSXV #Akiba Leisman

View Our
Mako Mining Corp.
Company Profile
About Us
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Find Out More
Subscribe
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Subscribe

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

Crux Investor does not verify information provided by contributors or video interviewees on this site, and makes no assurance as to the adequacy, completeness or accuracy of any such information. Crux Investor steadfastly disclaims any liability or responsibility for the outcome of any investments made by users of this site or our branded affiliates. Users of this site (and our branded affiliates) should consult with their own financial advisors to assist them in making investment decisions. By accessing this site and our branded affiliates, you agree to the terms of service and privacy policy.