RE:What a great move from .05The move from .05 to .225 is not particularly surprising because there are certain unique features about MXI's situation that is rarely repeated on other junior explorers.
1. The most important feature is that Diakha does not have to be a gigantic deposit for it to be highly valuable to IMG and allow MXI to monetize it. That's because Boto Malikoundi, a few km's nearby will support a stand alone mine by itself. Diakha simply enhances the economics of Boto. Capex for a pit at Diakha is very small, excavators, trucks and roads to get the ore to the processing plant at Boto. This makes this deposit very valuable very quickly.
2. This is near-surface high grades in a deposit type that IMG understands well. It will drill up very quickly and move to monetization far faster than stand alone, deep drill deposits.
3. Boto is well advanced in its mine analysis with a Prefeas coming out this year. IMG is in a hurry to get Diakha proved up and ready to be mined with Boto.
There are few explorers who are in a position like this to advance their projects so quickly like MXI is doing . The old wild west days fo stock prices jumping up on rumour and whatnot is gone. Juniors have to have the goods in order to get buyers and get rewarded with an increasing stock price. MXI has it all and is delivering the goods very quickly.