RE: new claims The latest press release clearly references additional claims acquisition by way of map staking at the Ungava project base. Melkior had also staked a large block of claims in Fripp Township south of Timmins but there has as well been little returned on the reasons for such nor news of any work being incured within them. This latest acquisition only appears to be a strategic element attached to the latest buzz in the markets about PGE properties coming back into fashion. Again since Melkior has limited funds to deal even with current projects close to established infrastructure which is far cheaper to explore, the rational behind the latest claims acqusition is definately unclear and in my opinion counterproductive to its objectives over the short to medium term. With MKR at 4.5 cents there is reason for concern that managements decision to bounce all over the place with new acqusitions that are obviously secondary in category to those which are already in the works closer to established camps brings with it further potential consequences for potential survival past this year.
Bought here at 12 cents for the record