RE:RE:Lots of Value to be HadThe President of MXI has already stated that his "thinking" is that Diakha is an extension of Boto....... yet to be substantiated. All it will take is some drill numbers to raise the likelihood that this is true and it will be back to business as usual for MXI, and anyone buying in now will be extremely well rewarded.
This comes at a time when the gold industry is still in the doldrums, and the money isn't flowing easily, so this could still take yet more patience.
One speculation is that if the MXI property indicates an extension to Boto, IMG will have a huge contiguous property from which to raise funding. Boto is a slam dunk by the looks of it, then add the highly prospective and large MXI property, and you might have a player who wants to build a high volume, low cost mine, and willing to buy up all IMG-connected properties in the area. That would certainly play into IMG's need for cash. I'm not sure if MXI would get full value at this time though. I think that if the drill results continue to look positive, MXI shareholders would be better served to wait until gold prices recover above $1500 and market sentiment improves to extract full value out of this. However, IMG is going to pretty much control the future as they have been doing for a couple of years. Fortunately, if an outside buyer wants the properties, MXI interests are aligned with IMG's.