RE:Ed Bugos - Precious Metal Equity ResearchVery good article, and Ed doesn't even touch all of the upsides of the MXI properties. He doesn't mention the Farita property which has part of it right in line with the Fekola-Boto trend. You can be practically 100% certain that if Diahka continues to show good results that Farita will be very well mineralized because the east end of Farita is smack in the middle of Boto and Diakha.
Another thing he may have missed is that there is a company called Robex from Quebec who is drilling two trends where they have discovered gold......Mousala and Wili-Wili. Both of those trends extend into the north of Merrex permits. Mousala in particular extends into Merrex where it borders Boto. The other is Wili-Wili which has established the Fandou zone which extends into the Merrex permit of Kofia. The fact that Robex is drilling away right now means free drilling for Merrex. Whatever the establish further in Mousala and Wili-Wili is going to provide all kinds of great information and indications of what exists in Merrex property......all for free!
There is far more potential on the Merrex properties than Papillion's property which was just valued at over $600 million in a bad market. You don't have to be a mathematical genius to figure out what sort of upside for MXI that means!
I think Ed is right on when he states this:
"But for the speculative gains on this region,
Merrex Gold is still the best bet.
Nobody in our view has better prospects in the
area…not IAMGOLD at its Senegal claims, where
it discovered the low grade near surface Boto (au)
deposit, and not B2Gold at Fekola. That’s bullish!"