RE: New target? ............ResourceboomHi RB
Just a guess on $1 or something in mid .90's in next few months....3mos perhaps.
Let me explain why IMHO...... Acknowledging that no junior goes straight to the moon and bullish hype is of no use to anyone, there seems to be big buyer interest here, and to date, that buying is not diminishing ( volume suggests this ) and popularity via media and Sprott etc. The gold property drilling might continue the buyer demand for shares if anything comes back in high grade mineralization in next 3 months, then summer drilling at Otish and it's Uranium might give it big boost in buyers also. Uranium seems headed for it's first major peak and is getting to a Frenzy Stage That makes any uranium junior potentially off the charts. Nickel ain't too bad either given it's association with Xstrata. That is probably not even spoken for in the share price at moment. Although this is very early stage, a 30 Million market cap with the exploration potential in MKR compared to some other juniors similar could take it to near 60 or 90 million. So even $1. is probably low end of where it's going. ( again though, no ride is straight up )
But, having said all that.....it will be the uranium that drives the short term. If Cameco, or any other company in the area starts announcing some good findings, this has a chance to be one of those early wild juniors that exceed all expectations. Over 50% chance methinks.
cheers